389 result(s) for budget deficit
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 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 ...
Orban, Varga Optimistic On IMF Loan For Hungary
- 17 Sep 2012 9:02 AM
- current affairs
Consultations are proceeding right on schedule with negotiators of the EU and the IMF and the cabinet expects to conclude negotiations quickly, Prime Minister Viktor Orban told foreign journalists last week. Although some controversial issues remain, negotiations are going well and a precautionary loan of about €15 billion is expected, he said. A transaction tax imposed on the National Bank could ...
Viktor Orbán: There Will Be An Agreement Between IMF And Hungary
- 10 Sep 2012 9:00 AM
- current affairs
According to Prime Minister Viktor Orbán, there will be an agreement between the Hungarian government and the International Monetary Fund, but not based on the conditions that were revealed on Thursday. This is why the cabinet is elaborating alternative IMF/EU negotiation positions – he added on Kossuth Radio's 180 minutes program.
Xpat Opinion: Health Care Wage Hikes In Hungary
- 22 Aug 2012 9:00 AM
- health & wellness
A right-wing columnist welcomes efforts by the Hungarian government to fulfil its promise to offer significant salary rises to doctors and nurses. She notes, however, that in the current health care system it is not possible to offer salaries which are competitive at a European level.
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 ...
Xpat Opinion: Is Hungary Playing For Time With The IMF?
- 9 Aug 2012 12:55 PM
- current affairs
A conservative columnist suspects that the government will only revise its controversial fiscal policy and budget forecasts for next year if forced to do so by financial markets.
Xetra To Go Live In Hungary In 2013
- 12 Jul 2012 9:00 AM
- business
The surge in Hungary’s capital market at the beginning of 2012 was only temporary and maybe a little too euphoric. Only when the domestic macroeconomic issues are sorted out will the market see a more lasting upturn, market analysts say.
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 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 ...
Orban, Varga Optimistic On IMF Loan For Hungary
- 17 Sep 2012 9:02 AM
- current affairs
Consultations are proceeding right on schedule with negotiators of the EU and the IMF and the cabinet expects to conclude negotiations quickly, Prime Minister Viktor Orban told foreign journalists last week. Although some controversial issues remain, negotiations are going well and a precautionary loan of about €15 billion is expected, he said. A transaction tax imposed on the National Bank could ...
Viktor Orbán: There Will Be An Agreement Between IMF And Hungary
- 10 Sep 2012 9:00 AM
- current affairs
According to Prime Minister Viktor Orbán, there will be an agreement between the Hungarian government and the International Monetary Fund, but not based on the conditions that were revealed on Thursday. This is why the cabinet is elaborating alternative IMF/EU negotiation positions – he added on Kossuth Radio's 180 minutes program.
Xpat Opinion: Health Care Wage Hikes In Hungary
- 22 Aug 2012 9:00 AM
- health & wellness
A right-wing columnist welcomes efforts by the Hungarian government to fulfil its promise to offer significant salary rises to doctors and nurses. She notes, however, that in the current health care system it is not possible to offer salaries which are competitive at a European level.
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 ...
Xpat Opinion: Is Hungary Playing For Time With The IMF?
- 9 Aug 2012 12:55 PM
- current affairs
A conservative columnist suspects that the government will only revise its controversial fiscal policy and budget forecasts for next year if forced to do so by financial markets.
Xetra To Go Live In Hungary In 2013
- 12 Jul 2012 9:00 AM
- business
The surge in Hungary’s capital market at the beginning of 2012 was only temporary and maybe a little too euphoric. Only when the domestic macroeconomic issues are sorted out will the market see a more lasting upturn, market analysts say.