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Hungary Must Lower Budget Deficit

Published: October 4, 2012; 17:46 · (Vindobona)

The Hungarian National Bank puts pressure on the government to lower the budget deficit. By contrast, the government has widened the budget target to 2.8% instead.

Hungary Must Lower Budget Deficit / Picture: © Flickr

Economists and the Hungarian National Bank say that the government should reduce the budget gap next year. The budget deficit should be lowered by 1.4% of GDP in order to achieve the targets in 2013. This year, the Hungarian government expects a budget deficit of 2.8% of GDP. Initially, the deficit target was 2.5% of GDP.

Hungary still is under a deficit procedure as the budget…

This article includes a total of 199 words.

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