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Hungary Resolves 2013 Budget

Published: December 12, 2012; 22:22 · (Vindobona)

Today, Hungary´s Parliament approved the budget for 2013, which contains a number of tax increases. According to critics, the budget will not hold.

Hungary Resolves 2013 Budget / Picture: © Flickr

The government plans a budget deficit of 3% of GDP. In order to reach this goal, a number of taxes were resolved. Besides the telecommunication service tax, the government introduced a financial transaction tax and extended the bank tax. However, the flat tax remains unchanged at 16%. According to economists, the corporate income tax is too low. The low tax rate does not attract further…

This article includes a total of 210 words.

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