Govt to discuss ways to fill HUF 100 bln 'hole' on Mon, Tues

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The government will discuss the necessary measures to fill a HUF 100 billion "hole" in this year's central budget at cabinet meetings on Monday and Tuesday, National Economy Minister György Matolcsy said on Thursday.

Decisions will be taken on measures such as ones that increase the efficiency of tax collection, Matolcsy said.

The government will also make a second reading of the 2012 budget draft at the meetings, he said.

Early estimates put Hungary's GDP growth at 2% or lower this year, which would add HUF 80 billion-100 billion to the general government deficit, state secretary of the Prime Minister's Office Mihály Varga said at the weekend. To fill this "hole", the government would not take a single big step, but 8-10 smaller measures that would each narrow the fiscal gap by HUF 10 billion-20 billion, he added.

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