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Hungary gov't dips into 2010 budget reserves

The Hungarian government has already made commitments to spend some of next year's budget reserves, business daily Napi Gazdaság reported in its Friday issue.

Out of reserves totaling just over HUF 200 billion for 2010, the government has pledged HUF 30 billion to support hospital financing and Budapest public transport company BKV, as well as for the costs of the mission in Afghanistan, the paper said.

This is the largest amount a government has ever committed before the year has even started, the paper said.

Extra funding of HUF 6 billion to hospitals will be paid out early next year and Prime Minister Gordon Bajnai signed an agreement with Budapest Mayor Gábor Demszky earlier this week on a bailout of HUF 18 billion to the cash-strapped BKV, to be transferred in three payments, on top of a HUF 5 billion loan guarantee.

Topping Hungary's troops in Afghanistan by 200 will make a dent of HUF 5.2 billion in next year's budget, the paper said, citing an estimate by Defence Minister Imre Szekeres. (MTI-Econews)