Ministries submit proposals on savings measures

Initiatives

Hungary's ministries have submitted proposals to the government on measures necessary to meet the fiscal deficit targets for this year and 2013, as mandated in a decree published late in February, business daily Világgazdaság said.

The proposals were submitted by the deadline, and the government will take a decision on them at coming cabinet meetings, the Office of the Government Spokesman told the paper.

The government decided in February to reduce state subsidies for medications this year and cut central funds for Budapest's troubled public transport company BKV next year as part of measures to narrow the budget gap. It mandated the national resources and economy ministries in a decree to present a proposal to reduce drug subsidies as well as make further drug subsidy savings next year in addition to those outlined in the Széll Kálmán Plan, a structural reform program announced last spring.

Among the proposals on the drug subsidies was one extending a HUF 300 prescription fee to all prescription medicines from only those supported wholly by the state, the paper said.

The development, the interior and the economy portfolios were required to submit a proposal targeting reduced funding for BKV in 2013 compared to this year's central budget allocation.

The national development minister and the national economy minister had to submit a proposal on the introduction of an electronic toll system by July 1, 2013 at the latest.

The government's general government deficit target is 2.5% of GDP for 2012. It aims to keep the gap under 3% in 2013.

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