Economy
Hungary ready to talk EDP recommendations with Brussels
The ministry said the government is “committed to rectify the mistakes of the past" and will “remain on the path towards reducing public debt and keeping the budget deficit below 3%" of GDP.
It added that the cabinet will keep up consultation with the EC and “welcome their proposals and recommendations."
The government “believes in results" and “the numbers speak for themselves": Hungary’s general government deficit will be below 3% of GDP for the first time since the country’s accession to the European Union in 2012. The country is one of the seven member states that can meet this objective, the ministry said. It added that Tamás Fellegi, the head of the negotiating team to discuss bailout with the IMF was also given a mandate to reaffirm the government’s pledge to keep the budget deficit below 3% also in 2013.
The ministry asked the European Commission to take into consideration during the consultations the structural overhauls that had been put in place to achieve a sustainable reduction of state debt.
It noted that 80-90% of the legislation changes necessary to implement the Széll Kálmán Plan (a package of structural reform measures announced in the sprint of 2011) have already been adopted by Parliament.
It added that the cabinet will keep up consultation with the EC and “welcome their proposals and recommendations."
The government “believes in results" and “the numbers speak for themselves": Hungary’s general government deficit will be below 3% of GDP for the first time since the country’s accession to the European Union in 2012. The country is one of the seven member states that can meet this objective, the ministry said. It added that Tamás Fellegi, the head of the negotiating team to discuss bailout with the IMF was also given a mandate to reaffirm the government’s pledge to keep the budget deficit below 3% also in 2013.
The ministry asked the European Commission to take into consideration during the consultations the structural overhauls that had been put in place to achieve a sustainable reduction of state debt.
It noted that 80-90% of the legislation changes necessary to implement the Széll Kálmán Plan (a package of structural reform measures announced in the sprint of 2011) have already been adopted by Parliament.
