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Ministry working on corrective measures

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Prime Minister Viktor Orbán has instructed Economy Minister Mihály Varga to develop a set of measures that could convince the European Union that Hungary’s economic affairs are in order, newswire MTI said. The European Commission’s latest report states Hungary will not be able to keep its budget deficit under 3% of gross domestic product this year, endangering hopes of exiting an ongoing excessive deficit procedure. The government said the new measures will not lead to abandoning current policies and will not increase the general public’s financial burdens.

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