This year’s budget deficit is likely to be bigger than the government’s target of 3.9 percent of gross domestic product, and the International Monetary Fund is asking tough questions about whether Hungary can stick to its targets, Nepszabadsag daily said on Thursday.
Officially the finance ministry is keeping to its line that the budget is on course, but people in the ministry told the paper on condition of anonymity that there are worries about the revenue side.
The ministry officials say that a large dose of luck will be needed to get the figure they are looking for. There’s very little elbow room on the spending side, they add.
The IMF expects this year’s budget gap to be 4.1 percent of GDP.
The Fund is also missing data in next year’s budget on planned savings at national railway company MAV and local governments, said the paper. The government is in a bind about how to squeeze out the savings and the specifics about how to achieve streamlining at the company have yet to appear in the budget bill, it added.
Maybe making three sentences out of this behemoth could have made it more readable and understandable.
“The government is in a bind about how to squeeze out the savings and the specifics about how to achieve streamlining at the company have yet to appear in the budget bill, it added.”
“I know” says Stan, “lets put up all the taxes and cut public services whilst employing more civil servants”.
“I can’t hear you” says Oliver, “let me turn off the engine on our luxury yacht for a second”, “now what was that?”
……….”Ooooh Laurel, that’s another fine mess you’ve got us in to”
Any more taxes and magyarorszag becomes another totalitarians state. Didnt anyone watch the celebration of the fall of the berlin Wall? Communism ended, didnt it? The IMF will soon force the magyar poloticians to sell off farm land, water rights, river rights, energy companies, buildings, state assets to raise the money. Whatever the IMF says, goes.
Fe Fi Fo Fum I smell the blood of a Panamanian scum.
salk1. The Berlin Wall came down but communist-type activity is still alive and well in Hungary courtesy of the MSZP government.
The statistics churned out on a regular basis by various so-called experts are a joke. Massive unemployment, disintegration of the provinces,corruption, inefficiency, and no sign of things changing are the real deal!
“High taxes, public land sales, water/river rights, airlines, railways”… all these things have already happened- or were you being “ironical”,
salk1?
But Joseph, isn’t full and fair employment a
principle of communism? So if we have a communist
government, how can we have mass unemployment. It
just doesn’t add up. And by the way, welcome back.
Over the paranoia now?
Benny. You paranoid android. Panamanian Pete your long-lost brother is always on your mind? Over-simplification of issues and completely missing the point is your speciality.
Are you also related to that other mind-blowing twit, Viking? The most boring idiot on the planet excluding your goodself, of course.