No New Austerity And No Higher Taxes Next Year In Hungary
- 26 Sep 2013 9:00 AM
The 2014 budget will be tight, but there will be no new austerity measures or tax hikes in the document, Economy Minister Mihály Varga declared yesterday. VAT on meat will be lowered next year, he said, without specifying what the new level will be. VAT is currently 27% on meat.
Varga confirmed in a radio interview that the government is planning 2% growth, 2.4% inflation and a budget deficit target of 2.9% of GDP.
Source: Hungary Around the Clock
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