363 result(s) for budget deficit in Articles
Hungarian Govt To Set Up National Building Society
- 18 Jan 2016 11:00 AM
- current affairs
The government is planning a National Home Building Society modelled on British building societies, cabinet chief Antal Rogán said. Stable economic growth and a low budget deficit over the past few years have given leeway for the government to launch a homebuilding scheme.
Mayor: Budapest Agglomeration Public Transport Funded Until Feb 17
- 11 Jan 2016 8:00 AM
- getting around
Public transport services to the agglomeration of Budapest will operate until February 17, when the city’s new municipal budget is scheduled for approval, Mayor of Budapest István Tarlós, said. In talks with Prime Minister Viktor Orbán in December last year it was agreed that Budapest has no obligation to finance transport in the agglomeration area, Tarlós told a press conference.
Hungary In Talks With Brussels On More Than HUF 600BN Of Funding
- 8 Dec 2015 4:00 AM
- business
Hungary is still in talks with the European Commission on more than 600 billion forints (EUR 1.92bn) in European Union funding for the 2007- 2013 period, state secretary Péter Benő Banai said. A Monday release by the economy ministry showed Hungary’s cash-flowbased budget deficit, excluding local councils, reached 970.7 billion forints at the end of November or 108.8% of the full-year target.
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
Standard & Poor’s Affirmed Hungary’s Credit Rating
- 22 Sep 2015 9:01 AM
- business
The agency maintained the country’s rating with stable outlook. In the analysis accompanying the decision, S&P stressed that that Hungarian labour force was well educated and competitive, and the export structure was balanced. Improving domestic consumption, declining unemployment, the utilization of EU funds and the central bank’s lending programme have also driven economic growth.
Budget May Be Amended To Reflect Hungary’s Cost Of Migration Measures
- 15 Sep 2015 9:00 AM
- business
If the migration crisis is sustained it may be necessary to amend the budget, though for the time being measures can be paid for by making internal budget transfers, the economy minister said. Mihály Varga told public service news website hirado. hu that the government had spent almost 30 billion forints (EUR 96m) on fortifying the Serbian-Hungarian border. In addition are extra costs related to ...
Hungary Rejects EC Economic Policy Advice
- 29 Jun 2015 9:00 AM
- business
Hungary cannot accept two of the European Commission’s country-specific economic policy recommendations, Prime Minister Viktor Orbán said. One of these are the comments on its fostered work programme and the other is in connection with planned budget adjustments, Orbán said after an EU summit in Brussels. The European Council has declared the recommendations “generally acceptable”, which means ...
Lawmakers Pass Hungary’s 2016 Budget
- 24 Jun 2015 9:00 AM
- business
Lawmakers approved Hungary’s 2016 budget in a final vote months ahead of the legal deadline, with 119 votes in favour and 63 against. The Budget Act calculates with a budget deficit of 2% of gross domestic product (GDP) based on EU accounting rules and public debt of 73.3% of GDP. The budget targets total revenue of 15,800 billion forints (EUR 50.7bn), total expenditures of 16,561 billion forints ...
OECD Sees Strong But Slowing Hungarian Economic Growth
- 4 Jun 2015 9:00 AM
- business
The OECD has upgraded its forecasts for Hungarian economic growth for this year to 3% from 2.1%, and to 2.2% from 1.7% for 2016. The Organisation for Economic Co-operation and Development said in its Economic Outlook that exports were expected to grow by 5.7% both this year and in 2016 and the current account surplus of 4.8% this year was likely to rise to 5.1%. Unemployment is expected to ...
Hungarian Govt To Set Up National Building Society
- 18 Jan 2016 11:00 AM
- current affairs
The government is planning a National Home Building Society modelled on British building societies, cabinet chief Antal Rogán said. Stable economic growth and a low budget deficit over the past few years have given leeway for the government to launch a homebuilding scheme.
Mayor: Budapest Agglomeration Public Transport Funded Until Feb 17
- 11 Jan 2016 8:00 AM
- getting around
Public transport services to the agglomeration of Budapest will operate until February 17, when the city’s new municipal budget is scheduled for approval, Mayor of Budapest István Tarlós, said. In talks with Prime Minister Viktor Orbán in December last year it was agreed that Budapest has no obligation to finance transport in the agglomeration area, Tarlós told a press conference.
Hungary In Talks With Brussels On More Than HUF 600BN Of Funding
- 8 Dec 2015 4:00 AM
- business
Hungary is still in talks with the European Commission on more than 600 billion forints (EUR 1.92bn) in European Union funding for the 2007- 2013 period, state secretary Péter Benő Banai said. A Monday release by the economy ministry showed Hungary’s cash-flowbased budget deficit, excluding local councils, reached 970.7 billion forints at the end of November or 108.8% of the full-year target.
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
Standard & Poor’s Affirmed Hungary’s Credit Rating
- 22 Sep 2015 9:01 AM
- business
The agency maintained the country’s rating with stable outlook. In the analysis accompanying the decision, S&P stressed that that Hungarian labour force was well educated and competitive, and the export structure was balanced. Improving domestic consumption, declining unemployment, the utilization of EU funds and the central bank’s lending programme have also driven economic growth.
Budget May Be Amended To Reflect Hungary’s Cost Of Migration Measures
- 15 Sep 2015 9:00 AM
- business
If the migration crisis is sustained it may be necessary to amend the budget, though for the time being measures can be paid for by making internal budget transfers, the economy minister said. Mihály Varga told public service news website hirado. hu that the government had spent almost 30 billion forints (EUR 96m) on fortifying the Serbian-Hungarian border. In addition are extra costs related to ...
Hungary Rejects EC Economic Policy Advice
- 29 Jun 2015 9:00 AM
- business
Hungary cannot accept two of the European Commission’s country-specific economic policy recommendations, Prime Minister Viktor Orbán said. One of these are the comments on its fostered work programme and the other is in connection with planned budget adjustments, Orbán said after an EU summit in Brussels. The European Council has declared the recommendations “generally acceptable”, which means ...
Lawmakers Pass Hungary’s 2016 Budget
- 24 Jun 2015 9:00 AM
- business
Lawmakers approved Hungary’s 2016 budget in a final vote months ahead of the legal deadline, with 119 votes in favour and 63 against. The Budget Act calculates with a budget deficit of 2% of gross domestic product (GDP) based on EU accounting rules and public debt of 73.3% of GDP. The budget targets total revenue of 15,800 billion forints (EUR 50.7bn), total expenditures of 16,561 billion forints ...
OECD Sees Strong But Slowing Hungarian Economic Growth
- 4 Jun 2015 9:00 AM
- business
The OECD has upgraded its forecasts for Hungarian economic growth for this year to 3% from 2.1%, and to 2.2% from 1.7% for 2016. The Organisation for Economic Co-operation and Development said in its Economic Outlook that exports were expected to grow by 5.7% both this year and in 2016 and the current account surplus of 4.8% this year was likely to rise to 5.1%. Unemployment is expected to ...