295 result(s) for budget cut
Cost To Hungary Of EU Migrant ‘Fines ’ Would Be HUF 100 BN
- 12 May 2016 3:00 AM
- current affairs
If Hungary paid the “fines” for refusing to accept migrants as part of the European Union’s quota system, the budget would be around 100 billion forints (EUR 322m) worse off, the state secretary for government communications said. Bence Tuzson noted that Brussels had indicated a levy of 250,000 euros per migrant would be imposed on countries refusing to participate in the scheme, and Hungary ...
Tarlós: City Council To Continue Supporting Festival Orchestra
- 10 May 2016 9:00 AM
- community & culture
The Budapest city council will in the future continue to support the Budapest Festival Orchestra to the extent that its budget permits, Budapest Mayor István Tarlós said. Last month, the Municipal Assembly voted to cut funding for the orchestra by 200 million forints (EUR 940,000) to 60 million.
IMF Urges Policy Reform To Improve Investment Climate
- 2 May 2016 9:00 AM
- current affairs
The International Monetary Fund (IMF) called for structural policies to improve the investment climate, enhance competitiveness and address weaknesses in the labour market in a report following scheduled consultations. “Increased market confidence and enhanced competitiveness would lift private investment, including from abroad.
City Council Cuts Budapest Festival Orchestra Funding By HUF 200 M
- 28 Apr 2016 9:00 AM
- community & culture
The Budapest general assembly voted to cut funding for the internationally celebrated Budapest Festival Orchestra from last year’s 260 million forints (EUR 840,000) to 60 million forints. Budapest Deputy Mayor Alexandra Szalay- Bobrovniczky said in the debate on the orchestra’s funding that it receives a significant amount of state support alongside the money it gets from the city.
Varga: Govt To Mull Single-Digit Income Tax In 2017
- 26 Apr 2016 9:00 AM
- business
The question whether to introduce a single-digit income tax will be broached next year, the economy minister said in an interview to business daily Világgazdaság. Mihály Varga said that reducing the tax from the current 15% would lead to revenue losses amounting to 600 billion forints (EUR 1.9bn). But if the rate of growth stays on its current trajectory and the government succeeds in ...
Orbán: Hungary Experiencing Economic Boom
- 25 Apr 2016 9:00 AM
- business
Hungary is experiencing a time of economic prosperity and will take another step forward in 2017, Prime Minister Viktor Orbán told public Kossuth Radio. Speaking about next year’s budget, the prime minister said wages are continuously growing while unemployment is decreasing, something that Hungary “achieved without loans”.
Varga: Govt Aims For Lower VAT, But “Now Is Not The Time”
- 22 Apr 2016 9:00 AM
- business
Hungary’s government aims to reduce the 27% general value-added tax rate in the long term, though “now is not the time” for a cut, Economy Minister Mihály Varga said in an interview in the fresh issue of business weekly Figyelő. “It would be nice if the VAT rate could be reduced and the top rate brought to 25% or lower. This is in line with the cabinet’s long-term intentions, but now is not the ...
Gov’t To Lower VAT On Dairy And Catering
- 14 Apr 2016 9:00 AM
- shopping
The government proposes to reduce VAT on a wide range of products and services in the 2017 budget, Economy Minister Mihály Varga announced on Wednesday. The VAT on milk, eggs and poultry would fall from today’s 27% to 5%.
Internet VAT Rate Cut Would Reduce Budget Revenue HUF 12-13BN
- 12 Apr 2016 9:00 AM
- tech
A reduction in the VAT rate on internet service from 27% to 18% will reduce budget revenue by an annual 12-13 billion forints (EUR 38-42m), business daily Világgazdaság said, quoting calculations by the economy ministry. The government recently announced plans to cut the VAT rate on internet service to 18% following a national consultation.
Cost To Hungary Of EU Migrant ‘Fines ’ Would Be HUF 100 BN
- 12 May 2016 3:00 AM
- current affairs
If Hungary paid the “fines” for refusing to accept migrants as part of the European Union’s quota system, the budget would be around 100 billion forints (EUR 322m) worse off, the state secretary for government communications said. Bence Tuzson noted that Brussels had indicated a levy of 250,000 euros per migrant would be imposed on countries refusing to participate in the scheme, and Hungary ...
Tarlós: City Council To Continue Supporting Festival Orchestra
- 10 May 2016 9:00 AM
- community & culture
The Budapest city council will in the future continue to support the Budapest Festival Orchestra to the extent that its budget permits, Budapest Mayor István Tarlós said. Last month, the Municipal Assembly voted to cut funding for the orchestra by 200 million forints (EUR 940,000) to 60 million.
IMF Urges Policy Reform To Improve Investment Climate
- 2 May 2016 9:00 AM
- current affairs
The International Monetary Fund (IMF) called for structural policies to improve the investment climate, enhance competitiveness and address weaknesses in the labour market in a report following scheduled consultations. “Increased market confidence and enhanced competitiveness would lift private investment, including from abroad.
City Council Cuts Budapest Festival Orchestra Funding By HUF 200 M
- 28 Apr 2016 9:00 AM
- community & culture
The Budapest general assembly voted to cut funding for the internationally celebrated Budapest Festival Orchestra from last year’s 260 million forints (EUR 840,000) to 60 million forints. Budapest Deputy Mayor Alexandra Szalay- Bobrovniczky said in the debate on the orchestra’s funding that it receives a significant amount of state support alongside the money it gets from the city.
Varga: Govt To Mull Single-Digit Income Tax In 2017
- 26 Apr 2016 9:00 AM
- business
The question whether to introduce a single-digit income tax will be broached next year, the economy minister said in an interview to business daily Világgazdaság. Mihály Varga said that reducing the tax from the current 15% would lead to revenue losses amounting to 600 billion forints (EUR 1.9bn). But if the rate of growth stays on its current trajectory and the government succeeds in ...
Orbán: Hungary Experiencing Economic Boom
- 25 Apr 2016 9:00 AM
- business
Hungary is experiencing a time of economic prosperity and will take another step forward in 2017, Prime Minister Viktor Orbán told public Kossuth Radio. Speaking about next year’s budget, the prime minister said wages are continuously growing while unemployment is decreasing, something that Hungary “achieved without loans”.
Varga: Govt Aims For Lower VAT, But “Now Is Not The Time”
- 22 Apr 2016 9:00 AM
- business
Hungary’s government aims to reduce the 27% general value-added tax rate in the long term, though “now is not the time” for a cut, Economy Minister Mihály Varga said in an interview in the fresh issue of business weekly Figyelő. “It would be nice if the VAT rate could be reduced and the top rate brought to 25% or lower. This is in line with the cabinet’s long-term intentions, but now is not the ...
Gov’t To Lower VAT On Dairy And Catering
- 14 Apr 2016 9:00 AM
- shopping
The government proposes to reduce VAT on a wide range of products and services in the 2017 budget, Economy Minister Mihály Varga announced on Wednesday. The VAT on milk, eggs and poultry would fall from today’s 27% to 5%.
Internet VAT Rate Cut Would Reduce Budget Revenue HUF 12-13BN
- 12 Apr 2016 9:00 AM
- tech
A reduction in the VAT rate on internet service from 27% to 18% will reduce budget revenue by an annual 12-13 billion forints (EUR 38-42m), business daily Világgazdaság said, quoting calculations by the economy ministry. The government recently announced plans to cut the VAT rate on internet service to 18% following a national consultation.