60 result(s) for austerity budget
Parties Comment On Hungary Debt Ratio Rise
- 19 Aug 2014 10:00 AM
- current affairs
Hungary’s public debt, calculated at nominal value, in line with Maastricht methodology, reached 25,432 billion forints (EUR 81.2bn), or 85.1% of GDP, at the end of June, preliminary data on financial accounts published by the National Bank of Hungary (NBH) on Monday show. Transactions raised the debt by 434 billion forints during the period. The weaker forint boosted it by 65 billion forints. ...
“No Talk” Of EDP Against Hungary, Says Varga
- 3 Jul 2014 9:00 AM
- current affairs
Economy Minister Mihály Varga said commenting on a critical report published by the European Commission that there was “absolutely no talk” about launching an excessive deficit procedure (EDP) against Hungary. In response to the EC’s criticism of the tax system, including sectoral taxes, Varga said: “Hungary has clearly stated that it has transformed its tax system, there is now a different ...
Parliament Approves Hungary’s 2014 Budget
- 18 Dec 2013 8:00 AM
- current affairs
Parliament has approved Hungary’s budget for 2014 with a deficit of a 2.9% of GDP. Economy Minister Mihály Varga said on submitting the bill that the 2014 budget was based on the assumption of 2% economic growth and 2.4% inflation.
No New Austerity And No Higher Taxes Next Year In Hungary
- 26 Sep 2013 9:00 AM
- current affairs
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.
Xpat Opinion: The Hungarian Economy As Reflected In The World Bank’s 2012 GNI Per Capita Figures
- 9 Jul 2013 5:00 AM
- business
Each year on July 1 the World Bank revises its classification of the world’s economies based on estimates of gross national income (GNI) per capita for the previous year. The current income classifications by GNI per capita are as follows: low income = $1,035 or less; lower middle income = $1,036 to $4,085; upper middle income = $4,086 to $12,615; and high income = $12,616 or more.
Hungary Exits EU Excessive Deficit Procedure
- 24 Jun 2013 1:00 AM
- current affairs
Left-wing columnists fear further austerity measures. A pro-government pundit notes that although the excessive deficit procedure has been lifted, the government should not expect an end to criticism from the EU. A conservative commentator, on the other hand, hopes that Fidesz will call a truce with the EU.
Closing Of Australian Embassy In Budapest Will Not Impact Excellent Bilateral Relations
- 15 May 2013 9:01 AM
- current affairs
Australia will close its embassy in Budapest as part of budget cuts for foreign affairs, Australian media reported on Monday, citing the AAP news agency. The reaction of the Hungarian Ministry of Foreign Affairs was that bilateral relations would be maintained at the currently excellent level. The Australian Government is expected to announce austerity measures worth billions of dollars to reduce ...
Xpat Opinion: 'End The Excessive Deficit Procedure', By Ferenc Kumin
- 7 May 2013 9:00 AM
- business
Presenting the EU Commission’s spring economic forecast on Friday, Olli Rehn, the EU Commissioner for Economic and Monetary Affairs and the Euro, announced that three countries – Romania, Lithuania and Latvia – are on track to exit the excessive deficit procedure (EDP), but that Hungary and Italy would need to do more to trim the budget deficit below three percent of GDP in 2013 and 2014.
Hearing Of Candidate For New Governor Of Hungary's Central Bank On Friday
- 28 Feb 2013 8:00 AM
- current affairs
The Parliament Budgetary and Economic Committee will interview the Prime Minister's candidate to head the National Bank of Hungary on Friday afternoon, Prime Minister Viktor Orbán said on commercial news channel HírTV.
Parties Comment On Hungary Debt Ratio Rise
- 19 Aug 2014 10:00 AM
- current affairs
Hungary’s public debt, calculated at nominal value, in line with Maastricht methodology, reached 25,432 billion forints (EUR 81.2bn), or 85.1% of GDP, at the end of June, preliminary data on financial accounts published by the National Bank of Hungary (NBH) on Monday show. Transactions raised the debt by 434 billion forints during the period. The weaker forint boosted it by 65 billion forints. ...
“No Talk” Of EDP Against Hungary, Says Varga
- 3 Jul 2014 9:00 AM
- current affairs
Economy Minister Mihály Varga said commenting on a critical report published by the European Commission that there was “absolutely no talk” about launching an excessive deficit procedure (EDP) against Hungary. In response to the EC’s criticism of the tax system, including sectoral taxes, Varga said: “Hungary has clearly stated that it has transformed its tax system, there is now a different ...
Parliament Approves Hungary’s 2014 Budget
- 18 Dec 2013 8:00 AM
- current affairs
Parliament has approved Hungary’s budget for 2014 with a deficit of a 2.9% of GDP. Economy Minister Mihály Varga said on submitting the bill that the 2014 budget was based on the assumption of 2% economic growth and 2.4% inflation.
No New Austerity And No Higher Taxes Next Year In Hungary
- 26 Sep 2013 9:00 AM
- current affairs
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.
Xpat Opinion: The Hungarian Economy As Reflected In The World Bank’s 2012 GNI Per Capita Figures
- 9 Jul 2013 5:00 AM
- business
Each year on July 1 the World Bank revises its classification of the world’s economies based on estimates of gross national income (GNI) per capita for the previous year. The current income classifications by GNI per capita are as follows: low income = $1,035 or less; lower middle income = $1,036 to $4,085; upper middle income = $4,086 to $12,615; and high income = $12,616 or more.
Hungary Exits EU Excessive Deficit Procedure
- 24 Jun 2013 1:00 AM
- current affairs
Left-wing columnists fear further austerity measures. A pro-government pundit notes that although the excessive deficit procedure has been lifted, the government should not expect an end to criticism from the EU. A conservative commentator, on the other hand, hopes that Fidesz will call a truce with the EU.
Closing Of Australian Embassy In Budapest Will Not Impact Excellent Bilateral Relations
- 15 May 2013 9:01 AM
- current affairs
Australia will close its embassy in Budapest as part of budget cuts for foreign affairs, Australian media reported on Monday, citing the AAP news agency. The reaction of the Hungarian Ministry of Foreign Affairs was that bilateral relations would be maintained at the currently excellent level. The Australian Government is expected to announce austerity measures worth billions of dollars to reduce ...
Xpat Opinion: 'End The Excessive Deficit Procedure', By Ferenc Kumin
- 7 May 2013 9:00 AM
- business
Presenting the EU Commission’s spring economic forecast on Friday, Olli Rehn, the EU Commissioner for Economic and Monetary Affairs and the Euro, announced that three countries – Romania, Lithuania and Latvia – are on track to exit the excessive deficit procedure (EDP), but that Hungary and Italy would need to do more to trim the budget deficit below three percent of GDP in 2013 and 2014.
Hearing Of Candidate For New Governor Of Hungary's Central Bank On Friday
- 28 Feb 2013 8:00 AM
- current affairs
The Parliament Budgetary and Economic Committee will interview the Prime Minister's candidate to head the National Bank of Hungary on Friday afternoon, Prime Minister Viktor Orbán said on commercial news channel HírTV.