IMF: Doubt on Hungary´s Economic Data

Politics ♦ Published: July 23, 2012; 19:37 ♦ (Vindobona)

For the IMF, the budgetary forecasts are too optimistic. The negotiations on the € 15bn loan continue.

IMF: Doubt on Hungary´s Economic Data / Picture: ©

Between Hungary´s government and IMF, the atmosphere is still tensioned. This year, the Hungarian government expects a budget deficit of 2.5%. However, IMF is highly doubtful. The lender anticipates a deficit quota of 3.7%. Only in the best case scenario, the deficit may reach 2.8%.

Moreover, IMF views the GDP growth forecasts critically. The Hungarian Ministry of Economics…