President László Sólyom on Sunday validated Hungary’s 2009 budget, which was ratified by Parliament last Monday.
The document stipulates a 2.6% of GDP central deficit, making Hungary able to meet the Maastricht criteria next year.
Parliament approved the 2009 budget on December 15 by a vote of 209 in favor, 171 against and no abstentions. The 2009 budget lists central budget revenue of HUF 8,300.2 billion, expenditures of HUF 8,961 billion and a deficit of HUF 660.8 billion.
The two social security funds are targeted to have a deficit of HUF 8.9 billion combined, and separate state funds are seen to have a surplus of HUF 19 billion in 2009. At the time of the ratification, MPs also authorized the speaker of the House to request an urgent validation of the budget bill by the president. (Napi Gazdaság, Gazdasági Rádió, MTI-Eco)