The Hungarian Government has approved a plan to cut next year, the country's budget deficit to below 3% of GDP, told reporters after a meeting of the Government Economics Minister Gyorgy Matolcsy.
Matolcsy said that Hungary would not sign a new loan agreement with the International Monetary Fund and the European Union after it expires in October and November of the current agreements.
In addition, the Minister of Economy said that economic growth in 2,5-3% make public administration more affordable and will provide financial transparency of public companies. Achieve the target rate this year the budget deficit by 3,8% will only be if they received the planned 200 billion forints (692.57 million euros) of bank tax and if government spending this year will be reduced by 120 billion forints.
In addition, Matolcsy told reporters that the official date of introduction of the euro in Hungary does not exist, but since joining the euro zone, Hungary took on this responsibility, it will continue to move in this direction.
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