July 10th, 2012

Gov’t plans to delay VAT refunds to increase 2012 budget spending; Fiscal Council warns move to jeopardize deficit goal

Economy Minister György Matolcsy has submitted a last-minute modification to the proposed amendment of Hungary’s 2012 budget on Tuesday. The government is apparently ignoring the admonishments of the Fiscal Council. Should Parliament approve a significantly amended 2012 budget on Thursday, Hungary’s aspirations to meet the 2.5% accrual-based deficit target will be jeopardized.


Comments are closed.

More content from Hungary's leading foreign-language media network
About Realdeal.hu | Become an All Hungary Member | Newsletters | Contact Us | Advertise With Us
All content © 2004-2012 The All Hungary Media Group. Articles, comments and other information on the All Hungary Media Group's network of sites are provided "as is" without guarantees, warranties, or representations of any kind, and the opinions and views expressed in such articles and columns are not necessarily those of the All Hungary Media Group.