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Economy ministry says Growth and Stability Programme to be announced by the end of February

The government's Growth and Stability Programme aimed at reducing government expenditures by HUF 600 billion-HUF 800 billion by the end of 2012 is expected to be completed and revealed by the end of February, the Ministry of National Economy told MTI on Wednesday.

Minister of National Economy György Matolcsy said at the end of last year that the ministry would examine every major item in the government budget as part of the programme in order to make the expenditure cuts necessary to ensure budgetary stability in 2014. The government will launch the programme yet this year and will execute it by the end of 2012, Matolcsy said. (MTI Econews)