Orbán orders measures to ensure excessive deficit procedure is lifted
Prime Minister Viktor Orbán has asked the economy minister to work out steps to ensure the excessive deficit procedure against the country is lifted, the government spokesman said on Thursday. Orbán has asked Mihály Varga to prepare measures “in line with the government's economic and social policies, and which are also acceptable to the European Union,” András Giro-Szász said. The prime minister attended a board meeting of the ruling Fidesz party earlier on Thursday, focusing on necessary steps in connection with the EU procedure, the spokesman said. He added that the board unanimously rejected fiscal measures “preferred by the European Commission.” Measures which several countries have taken under European pressure are not compatible with the government's policies, the spokesman said and suggested that the government would not increase the burden on pensioners and wage-earners. The measures to be worked out by the economy minister should help Hungary leave behind the EU procedure and "the negative impacts of eight years of Socialist government" before the end of 2013, Giro-Szász said. The steps were announced later Friday.
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.