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)