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Gov't institutions to freeze HUF 546.6 billion from budgets in 2009

Hungary's government institutions have to set aside reserves of almost HUF 546.6 billion from their budgets this year, business daily Világgazdaság reported on Friday. The biggest amount - HUF 135.2 billion - will be frozen in funding for Hungary's co-financing requirement for EU development grants, the daily learnt.

The Finance Ministry confirmed that the mandatory reserves were a part of the agenda decided on earlier, but declined to comment on specific figures. The Finance Ministry has to freeze HUF 64.4 billion of its budget; the Transportation, Telecommunications and Energy Ministry HUF 55.6 billion; the Social and Labor Affairs Ministry HUF 46.2 billion; the Education and Culture Ministry HUF 48.2 billion, the Defense Ministry HUF 25.7 billion; the Agriculture Ministry HUF 25.6 billion, the Local Governments Ministry HUF 17.9 billion; the Prime Minister's Office HUF 15.7 billion; and financial market regulator PSzÁF 10.3 billion. (MTI-Econews)