“This is a question that we should hold a referendum about,” Gyurcsany told the newspaper. “We should ask people whether they want it or not”. Hungary’s budget deficit will reach a balance by the end of this year and will be in line with this year’s budget law, Világgazdaság said, citing Gyurcsány. Hungary in 2005 missed a deficit target it submitted to the EU for a fourth consecutive year. The European Commission January 11 rejected the government’s plan for reducing the deficit by 2008, aimed at euro adoption two years later, in part because of the country’s poor track record.
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