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Bajnai aims for 3%-4% primary balance in 2010 to regain confidence

Hungary has to achieve a 3%- to 4%-of-GDP surplus in its primary balance next year, and a 4-5pc surplus in the long term if it is to win back and maintain investor confidence, National Development and Economy Minister Gordon Bajnai said at a conference.

The government has launched a €5 billion two-year economic stimulus program and €2 billion of this money is already available to economic players, Bajnai said.

Some 30,000 jobs have been lost in Hungary since October. At the same time, 10,000 new jobs have been created. (MTI – Econews)