289 result(s) for budget cut
Hungary's Government Boosts Bank Tax In Effort To Meet EU Deficit Target
- 18 Oct 2012 9:00 AM
- current affairs
Economy Minister Gyorgy Matolcsy yesterday announced that the tax on banks will not be halved in 2013 and that the tax on financial transactions will be increased as part of a response to EU criticisms that he called “professionally faulty, unjustified and proof of double standards”.
Minister Of State Cséfalvay On The Hungarian Economy And Talks With The IMF
- 17 Oct 2012 9:00 AM
- current affairs
“Europe was slumbering in the past decade and so was Hungary”, as no real reforms had been implemented either domestically or abroad – Minister of State for Economic Strategy pointed out in his speech held at the Budapest Economic Forum. The Minister of State at the Ministry for National Economy has described those key reasons which had caused a dual, political-economic crisis in the euro-zone ...
Xpat Opinion: Matolcsy’s 397 Billion Forint Adjustment Package In Hungary
- 9 Oct 2012 9:00 AM
- current affairs
Columnists wonder whether or not the government’s announcement that it will restructure the 2013 budget in order to save 397 billion Forints means that it has abandoned its previous economic strategy . Left-wing and liberal analysts believe that the government has thereby admitted the failure of its previous earlier policies. A pro-government pundit suggests that it is too early to reach a ...
Minister Matolcsy Announces New Fiscal Package In Hungary
- 8 Oct 2012 9:02 AM
- business
Minister for National Economy György Matolcsy held a press conference earlier this morning where he announced a fiscal adjustment package totalling 397 billion forints, which will ensure that a budget deficit below 3% of GDP will be achieved.
Matolcsy Announces New Austerity Package In Hungary
- 8 Oct 2012 9:00 AM
- current affairs
Economy Minister György Matolcsy on Friday announced Ft 133 billion of austerity cuts this year and a further Ft 397 billion next year, while raising the budget deficit targets for both 2012 and 2013. The 2012 deficit target has been raised from 2.5% of GDP to 2.7%, and the 2013 target from 2.2% also to 2.7%, Matolcsy revealed, citing the unfavourable global economic outlook and worse domestic ...
Hungarian Government Would Seal An Agreement With The IMF
- 1 Oct 2012 9:04 AM
- current affairs
Hungary can reach an agreement with international lenders based on letters sent by the government to the International Monetary Fund and the European Commission, said Prime Minister Viktor Orbán in his Friday interview on the regular morning show called 180 Minutes (MR1 Kossuth, Hungarian public radio).
13. Falk Art Forum, Antique &Modern Art Festival, Budapest, 22 September
- 20 Sep 2012 9:00 AM
- shopping
On Saturday afternoon, 22 September, Falk Miksa street, the heart of the Antique Quarter of Pest will turn into a promenade for the thirteenth time. Gallery owners are preparing with a range of special events and many shops will extend their opening hours.
Hungarian Alternative Proposal To Be Sent To IMF/EU Early This Week
- 18 Sep 2012 9:02 AM
- current affairs
"On Tuesday or Wednesday, the Government will send the IMF and the EU an alternative proposal in connection with loan negotiations in line with the economic policies pursued over the past two years", chief negotiator Mihály Varga said on Monday. In order to have the opportunity to make changes to the budget if necessary, the Government has requested the postponement of the vote on the 2013 budget ...
Hungarian Monetary Council Wary Of Inflation Risks
- 15 Aug 2012 9:00 AM
- business
Janos Cinkotai and Gyorgy Kocziszky voted for a quarter-point cut in the base rate at the monetary council’s July 24 meeting, while the five other members voted to keep the rate at 7.0%, according to minutes released last week. The majority view was that inflation will remain above the 3% target in 2012 and 2013 due to higher VAT and excise taxes. Inflation is not likely to fall to 3% until ...
Hungary's Government Boosts Bank Tax In Effort To Meet EU Deficit Target
- 18 Oct 2012 9:00 AM
- current affairs
Economy Minister Gyorgy Matolcsy yesterday announced that the tax on banks will not be halved in 2013 and that the tax on financial transactions will be increased as part of a response to EU criticisms that he called “professionally faulty, unjustified and proof of double standards”.
Minister Of State Cséfalvay On The Hungarian Economy And Talks With The IMF
- 17 Oct 2012 9:00 AM
- current affairs
“Europe was slumbering in the past decade and so was Hungary”, as no real reforms had been implemented either domestically or abroad – Minister of State for Economic Strategy pointed out in his speech held at the Budapest Economic Forum. The Minister of State at the Ministry for National Economy has described those key reasons which had caused a dual, political-economic crisis in the euro-zone ...
Xpat Opinion: Matolcsy’s 397 Billion Forint Adjustment Package In Hungary
- 9 Oct 2012 9:00 AM
- current affairs
Columnists wonder whether or not the government’s announcement that it will restructure the 2013 budget in order to save 397 billion Forints means that it has abandoned its previous economic strategy . Left-wing and liberal analysts believe that the government has thereby admitted the failure of its previous earlier policies. A pro-government pundit suggests that it is too early to reach a ...
Minister Matolcsy Announces New Fiscal Package In Hungary
- 8 Oct 2012 9:02 AM
- business
Minister for National Economy György Matolcsy held a press conference earlier this morning where he announced a fiscal adjustment package totalling 397 billion forints, which will ensure that a budget deficit below 3% of GDP will be achieved.
Matolcsy Announces New Austerity Package In Hungary
- 8 Oct 2012 9:00 AM
- current affairs
Economy Minister György Matolcsy on Friday announced Ft 133 billion of austerity cuts this year and a further Ft 397 billion next year, while raising the budget deficit targets for both 2012 and 2013. The 2012 deficit target has been raised from 2.5% of GDP to 2.7%, and the 2013 target from 2.2% also to 2.7%, Matolcsy revealed, citing the unfavourable global economic outlook and worse domestic ...
Hungarian Government Would Seal An Agreement With The IMF
- 1 Oct 2012 9:04 AM
- current affairs
Hungary can reach an agreement with international lenders based on letters sent by the government to the International Monetary Fund and the European Commission, said Prime Minister Viktor Orbán in his Friday interview on the regular morning show called 180 Minutes (MR1 Kossuth, Hungarian public radio).
13. Falk Art Forum, Antique &Modern Art Festival, Budapest, 22 September
- 20 Sep 2012 9:00 AM
- shopping
On Saturday afternoon, 22 September, Falk Miksa street, the heart of the Antique Quarter of Pest will turn into a promenade for the thirteenth time. Gallery owners are preparing with a range of special events and many shops will extend their opening hours.
Hungarian Alternative Proposal To Be Sent To IMF/EU Early This Week
- 18 Sep 2012 9:02 AM
- current affairs
"On Tuesday or Wednesday, the Government will send the IMF and the EU an alternative proposal in connection with loan negotiations in line with the economic policies pursued over the past two years", chief negotiator Mihály Varga said on Monday. In order to have the opportunity to make changes to the budget if necessary, the Government has requested the postponement of the vote on the 2013 budget ...
Hungarian Monetary Council Wary Of Inflation Risks
- 15 Aug 2012 9:00 AM
- business
Janos Cinkotai and Gyorgy Kocziszky voted for a quarter-point cut in the base rate at the monetary council’s July 24 meeting, while the five other members voted to keep the rate at 7.0%, according to minutes released last week. The majority view was that inflation will remain above the 3% target in 2012 and 2013 due to higher VAT and excise taxes. Inflation is not likely to fall to 3% until ...