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EU and IMF support crisis-management measures

Finance Minister Péter Oszkó said that the European Union and the International Monetary Fund have made a positive assessment of the Hungarian government's crisis-management measures, thus the organizations were inclined to approve an increase of the projected budget deficit to 3.9%.

Speaking at a meeting of the parliamentary budget committee, Oszkó said that the increase in the government's 3.9%-of-GDP budget deficit target is in line with the management of the crisis and has not placed the country's middle- and long-term stability program and debt targets in jeopardy. (MTI – Econews)