Sponsored Content
Hungary: GKI Forecasts Budget Deficit of HUF 200 bn
Politics ♦
Published: March 5, 2013; 18:02 ♦ (Vindobona)
The Hungarian government is in complete opposite to GKI’s statement: forecasts economic growth of 1 % and does not see any concerns.
Hungary: GKI Forecasts Budget Deficit of HUF 200 bn / Picture: © Vindobona.org
The Hungarian economic research institute GKI estimated a budget deficit of around HUF 200 bn (around € 670 million) for the current year. This responds to 0.7 % of GDP.
However, according to economists, it would be impossible for Hungary to achieve a deficit below 3 % of GDP ‑ as predetermined by the EU ‑ without making adjustments to the national budget. This stands in…
or Log In
Fast News Search