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Hungary: GKI Forecasts Budget Deficit of HUF 200 bn

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: © Flickr

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…

This article includes a total of 208 words.

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