Hungary’s Parliament Approved Key Budget Figures
- 26 Nov 2013 3:00 AM
Hungary’s Parliament approved the main figures of the 2014 budget on Tuesday after the budget committee passed amendments raising key figures. The amendments submitted on Monday will raise total 2014 central government expenditure from the figure in the original bill by 85 billion forints (EUR 284.6m) to 16,968.3 billion forints.
Total revenue will rise by 26 billion forints to 15,983.7 billion forints. The cash-flow deficit under the amended bill will rise by 59.9 billion forints or about 0.2% of gross domestic product (GDP), to 984.6 billion forints.
The amendments will not alter the accrual-based EU-conform budget deficit target of 2.9 % of GDP for 2014, economy ministry state secretary Péter Benő Banai told the budget committee on Monday.
Source www.hungarymatters.hu
Follow that link to sign-up for MTI’s twice-daily newsletter.
LATEST NEWS IN business