Tag: budget

(Adds more comments by Varga) Mihály Varga, state secretary soon to take over the task of Hungary’s chief aid negotiator from Tamás Fellegi, will strive to achieve such credit deal with the IMF... 

Hungary will not implement any new taxes, said Zoltán Cséfalvay, state secretary at the Economy Ministry. He said Hungary should pay more attention in the future to explaining what and why it is doing... 

Hungary’s Prime Minister, Viktor Orbán, has proposed the national eleced board of his ruling Fidesz party the suspension of state budget subsidies for political parties in 2013 and 2014, local news... 

Bank of America Merrill Lynch has released a basically upbeat note after a trip to Budapest, which convinced them further that the cabinet is committed to continue the fiscal consolidation plans, despite... 

Hungary’s Economy Ministry has on Thursday published the macroeconomic conditions necessary to conceive the 2013 budget bill. The ministry projects 0.1% GDP growth for this year and 1.6% for 2013... 

According to preliminary financial accounts data, Hungary’s general government net lending was equal to -4.4% of GDP in the four quarters to 2012 Q1. General government net lending (HUF -124 billion)... 

Hungary can realistically reach an agreement with the International Monetary Fund (IMF) on a EUR 15 billion financial assistance programme in the autumn, said Mihály Varga, the Prime Minister’s chief... 

Ferenc Karvalits, Deputy Governor of Hungary’s central bank (NBH) said the government’s aid talks with the IMF is an important factor for monetary policy, but by far not the only one. He said... 

(Adds details, charts) Hungary’s economy is to contract by 0.3% in 2012 but grow by 1% next year, the European Commission said in its Spring Forecast on Friday. Brussels see the country’s... 

Hungary’s general government posted HUF 289.3 billion surplus in April, which is by far the largest surplus for the month in at least a decade, the National Economy Ministry announced on Monday.... 

Hungary should secure a 3-year credit facility worth about EUR 15 billion with the International Monetary Fund (IMF), largely the same as the market expects, said Mihály Varga, the Prime Minister’s... 

Hungary will need to overcome several obstacles during the talks with international lenders on a financial assistance package so the green light given by Brussels to start the negotiations “does... 

(Adds comment by Erste, CIB on page2) The Hungarian cabinet has unveiled its new fiscal package - Széll Kálmán Plan 2.0, which aims to bring the budget deficit to 2.5% of GDP in 2012 and to 2.2% in 2013.... 

If Hungary had had an IMF/EU safety net at its disposal since January, its interest expenditure would be nearly HUF 100 billion smaller than if it secures a deal on a financial assistance package only... 

Hungary’s Prime Minister Viktor Orbán wants to seek the European Union’s opinion about the planned austerity measures before they are put up for vote in Parliament, local news portal origo.hu... 

The International Monetary Fund (IMF) has publishes its ‘Fiscal Monitor’ on Tuesday. The lengthy document covers individual countries relatively briefly, but some examples and detailed forecasts... 

If Hungary’s Fiscal Council expresses no opinion about draft budget laws, it means it is giving its consent to these, this is how the stability law would be amended by a proposal submitted to a bill... 

A decision on a financial transaction tax is still far away and it is also inappropriate to change in the course of the year and there is no pressure to do so now, said Viktor Orbán, Hungary’s Prime... 

According to different press reports, Hungary’s government is up to something...it is apparently nurturing some “interesting" (scary) tax plans. A new financial transaction tax would be slapped... 

Hungary's new convergence plan is scheduled to be made public at some point between 15th and 30th April, the Economy Ministry told Portfolio.hu. The government is planning to submit the convergence...