April 6, 2012, 2:12 pmHungary’s National Economy Ministry expects further HUF 40 billion worth of spending cuts from the ministries on top of the HUF 30 bn savings package it ordered in February, local news portal origo.hu...
April 5, 2012, 4:04 pmHungary’s general government posted a deficit of HUF 230.9 billion in March (on a cash flow basis, excluding local governments), the Economy Ministry has announced on Thursday. With this the first...
March 22, 2012, 4:58 pmHungary’s February budget balance shows a HUF 393.9 billion deficit (excluding local governments), the Economy Ministry has reported on Thursday, confirming the preliminary data that were published...
March 21, 2012, 12:28 pmAfter ten years Hungary’s government is executing a central wage hike in the healthcare sector, which will boost state spending by a total of HUF 30 billion in 2012. The National Economy Ministry...
March 7, 2012, 4:05 pmHungary posted a hefty budget deficit of HUF 393.9 billion in February, the National Economy Ministry reported on Wednesday. The January-February balance shows a gap of HUF 286 billion, on a cash flow...
February 21, 2012, 2:31 pmThe European Commission will recommend at its Wednesday meeting to have cohesion fund commitments to Hungary suspended as of 1 January 2013, an EU diplomat has confirmed a previous report by Bruxinfo on...
January 23, 2012, 3:58 pmHungary’s general government deficit was HUF 486.5 billion in December 2011, the Economy Ministry has confirmed its preliminary data on Monday. This was the largest monthly shortfall since at least...
January 16, 2012, 10:35 amThe Hungarian government will take all necessary steps to remedy any potential budget slippage and achieve the deficit target, said Zoltán Cséfalvay, secretary of state at the Economy Ministry, in an interview...
January 10, 2012, 5:07 pmHungary’s budget deficit was smaller than 2.94% of gross domestic product in 2011, according to ESA-95 (European Union) methodology, the National Economy Ministry said on Tuesday. It also noted that...
January 9, 2012, 5:10 pmHungary posted a budget deficit of HUF 486.5 billion in December 2011, which took the cumulated gap to HUF 1,734 billion on a cash flow basis, the National Economy Ministry announced on Monday. Huge...
December 13, 2011, 4:38 pmHungary’s (accrual-based) budget deficit could reach 3.4-3.6% of gross domestic product (GDP) in 2012 if the economic situation deteriorates further and the government does not implement further...
December 12, 2011, 10:36 am(Adds further interview details, Portfolio.hu viewpoint, outlook, analyst comment.) As a result of slower-than-expected economic growth and forint depreciation in FX markets, Hungary's government has...
December 8, 2011, 9:02 amHungary posted a HUF 79.9 billion budget surplus in November (on a cash flow basis, excluding local governments), thanks to HUF 220 bn one-off revenues made on the sale of assets transferred to the state...
September 22, 2011, 4:58 pmHungary’s general government deficit stood at HUF 1,544.6 billion at the end of August 2011, which corresponds to 130.4% of the full-year target, the Economy Ministry said in a detailed budget report...
