Hungary may authorize govt to rewrite budget without IMF deal, Portfolio reports
Leader of governing party Fidesz MP's in Hungary's Parliament, Antal Rogán has submitted a proposal for an amendment to the law on Wednesday that would enable the government to overhaul key budget figures with no authorization required by a successful credit agreement with the IMF, business portal Portfolio.hu reported.
In spite of the established schedule, Hungary's government approved the cornerstone figures of the 2013 budget as early as in mid-2012.
The motion for Parliamentary debate to take place much earlier than the usual autumn or winter date was made by Prime Minister Viktor Orbán, who argued the new schedule would put the country's financial management on a more predictable and stable footing, says Portfolio.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.