2014 Budget Envisages 2% Growth In Hungary
- 13 Sep 2013 11:00 AM
The government is drawing up the 2014 budget on the assumption that economic growth will be 2% and inflation 2.8%, Economy Minister Mihály Varga confirmed to Népszabadság. The draft budget was discussed at Wednesday’s cabinet meeting and will be sent to the Budget Council today. It is to be submitted to Parliament by September 30.
Varga said the budget will have sufficient funds for the Ft 153 billion required to raise teachers wages and an additional Ft 30 billion for public works projects.
The Economy Ministry expects the budget deficit to reach 2.9% of GDP next year, compared with the 2.7% target set out in the convergence programme in the spring.
Source: Hungary Around the Clock
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