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Fiscal Council Chairman Kopits resigns

Gyorgy Kopits has resigned from his post as chairman of Hungary's Fiscal Council, an independent body established by the previous government to issue opinions on fiscal policy, effective February 8, Kopits told MTI on Monday.

 

Gyorgy Kopits has resigned from his post as chairman of Hungary's Fiscal Council, an independent body established by the previous government to issue opinions on fiscal policy, effective February 8, Kopits told MTI on Monday.

Kopits tendered his resignation in a letter to House Speaker Laszlo Kover. Kopits said he resigned because of a loss of confidence and because of changes to the Fiscal Council. “The body that the law calls the Fiscal Council today, cannot from any point of view be seen as a continuation of the Fiscal Council that operated until the end of 2010," he said.
Legislation amended earlier stripped the Fiscal Council of nearly all of its budget and its entire staff. The Fiscal Council's membership was also changed to include the National Bank of Hungary governor, the head of the State Audit Office and an independent economist appointed by the President of the Republic. Earlier, the council was made up of three independent economists. The legislation gave the President of the Republic the power to recall the chairman from his post, but he did not. (Econews)