155 result(s) for fiscal deficit
EU Threatens To Withhold Funds From Hungary Over Budget Indiscipline
- 28 Feb 2012 8:00 AM
- business
"The European Commission (EC) yesterday proposed to withhold the transfer of some €495 million of cohesion funds to Hungary from 2013, if the government does not demonstrate the capacity to keep the budget deficit below 3% of GDP in a sustainable manner, EU Finance Commissioner Olli Rehn and Regions Commissioner Johannes Hahn announced last week.
Hungarian Government Aims To Hit Deficit Targets With Spending Cuts
- 28 Feb 2012 8:00 AM
- business
"The government aims to bring the budget deficit down to 2.5% of GDP this year and to 2.2% by 2013, with new fiscal measures, largely affecting subsidies for drugs and Budapest public transport company BKV, Economy Ministry undersecretary Peter Beno Banai said. The government will reduce spending by Ft 28-30 billion, or 0.1% of GDP this year, and some Ft 120 billion next year, or 0.4% of GDP, ...
EC Proposes Suspending Euro 495m Funds To Hungary
- 23 Feb 2012 10:50 AM
- current affairs
The European Commission has proposed to suspend EUR 495 184 000 of Cohesion Fund commitments taking effect on 1 January 2013, representing 0.5 % of GDP and 29% of the country's cohesion fund allocations for 2013. This unprecedented step follows the Commission's repeated warnings to Hungary urging it to step up its efforts to end the country's excessive government deficit, and its subsequent ...
Hungarian Parliament Approves EU Fiscal Pact
- 21 Feb 2012 8:04 AM
- current affairs
"Parliament voted in favour of joining the EU’s new fiscal compact on tighter budget discipline yesterday, approving a proposal submitted by Foreign Minister János Martonyi. The heads of 25 EU governments are expected to sign the document at the March 1-2 summit, with the treaty to enter into force on January 1, 2013.
The Hungarian Foreign Minister’s Meetings In Berlin Focused On Issues Of Foreign Affairs
- 14 Feb 2012 8:00 AM
- current affairs
"On 7 February 2012 János Martonyi negotiated with German Foreign Minister Guido Westerwelle in Berlin about current issues of the European Union, the Middle East, and Hungarian-German bilateral relations.
IMF Report About Hungary Bristles With Warnings
- 31 Jan 2012 8:00 AM
- current affairs
"Hungary's economy may see slight growth at best this year, as the country remains highly vulnerable due to the high state debt and its exposure to the euro zone crisis, the IMF writes in its latest report on Hungary, released last week. The IMF advises the government in its report to make economic policy predictable to regain the confidence of investors and to continue with structural reforms.
Letter To The Editor: Bring Back The Hungary This Hungarian Loved
- 12 Jan 2012 8:00 AM
- community & culture
By Kathy Megyeri: In 2007, my husband was awarded the Gold Cross of Merit of the Republic of Hungary for his outstanding actions during the 1956 Revolution, his promotion of Hungary's membership to NATO, and his achievements among Hungarian Americans. He proudly wore his medal each day to signal his pride as a Hungarian-American.
Credit Rating For Hungary Down In Nov
- 3 Nov 2010 12:35 AM
- business
International rating agencies are expected to downgrade Hungary’s credit rating in November following centre-right government’s new budget plans, experts in Budapest and London told Budapest Report. Their cited reasons being that Hungary will be weakened financially as it does not want to depend on an IMF bail-out to strengthen its reserves.
Analysts Expect Pressure On Hungarian Government To Renew Talks With IMF
- 22 Sep 2010 1:00 AM
- current affairs
"London-based emerging-markets analysts believe that the Hungarian government will come under intense pressure from capital markets to continue co-operation with the IMF after the local elections, HVG reports.
EU Threatens To Withhold Funds From Hungary Over Budget Indiscipline
- 28 Feb 2012 8:00 AM
- business
"The European Commission (EC) yesterday proposed to withhold the transfer of some €495 million of cohesion funds to Hungary from 2013, if the government does not demonstrate the capacity to keep the budget deficit below 3% of GDP in a sustainable manner, EU Finance Commissioner Olli Rehn and Regions Commissioner Johannes Hahn announced last week.
Hungarian Government Aims To Hit Deficit Targets With Spending Cuts
- 28 Feb 2012 8:00 AM
- business
"The government aims to bring the budget deficit down to 2.5% of GDP this year and to 2.2% by 2013, with new fiscal measures, largely affecting subsidies for drugs and Budapest public transport company BKV, Economy Ministry undersecretary Peter Beno Banai said. The government will reduce spending by Ft 28-30 billion, or 0.1% of GDP this year, and some Ft 120 billion next year, or 0.4% of GDP, ...
EC Proposes Suspending Euro 495m Funds To Hungary
- 23 Feb 2012 10:50 AM
- current affairs
The European Commission has proposed to suspend EUR 495 184 000 of Cohesion Fund commitments taking effect on 1 January 2013, representing 0.5 % of GDP and 29% of the country's cohesion fund allocations for 2013. This unprecedented step follows the Commission's repeated warnings to Hungary urging it to step up its efforts to end the country's excessive government deficit, and its subsequent ...
Hungarian Parliament Approves EU Fiscal Pact
- 21 Feb 2012 8:04 AM
- current affairs
"Parliament voted in favour of joining the EU’s new fiscal compact on tighter budget discipline yesterday, approving a proposal submitted by Foreign Minister János Martonyi. The heads of 25 EU governments are expected to sign the document at the March 1-2 summit, with the treaty to enter into force on January 1, 2013.
The Hungarian Foreign Minister’s Meetings In Berlin Focused On Issues Of Foreign Affairs
- 14 Feb 2012 8:00 AM
- current affairs
"On 7 February 2012 János Martonyi negotiated with German Foreign Minister Guido Westerwelle in Berlin about current issues of the European Union, the Middle East, and Hungarian-German bilateral relations.
IMF Report About Hungary Bristles With Warnings
- 31 Jan 2012 8:00 AM
- current affairs
"Hungary's economy may see slight growth at best this year, as the country remains highly vulnerable due to the high state debt and its exposure to the euro zone crisis, the IMF writes in its latest report on Hungary, released last week. The IMF advises the government in its report to make economic policy predictable to regain the confidence of investors and to continue with structural reforms.
Letter To The Editor: Bring Back The Hungary This Hungarian Loved
- 12 Jan 2012 8:00 AM
- community & culture
By Kathy Megyeri: In 2007, my husband was awarded the Gold Cross of Merit of the Republic of Hungary for his outstanding actions during the 1956 Revolution, his promotion of Hungary's membership to NATO, and his achievements among Hungarian Americans. He proudly wore his medal each day to signal his pride as a Hungarian-American.
Credit Rating For Hungary Down In Nov
- 3 Nov 2010 12:35 AM
- business
International rating agencies are expected to downgrade Hungary’s credit rating in November following centre-right government’s new budget plans, experts in Budapest and London told Budapest Report. Their cited reasons being that Hungary will be weakened financially as it does not want to depend on an IMF bail-out to strengthen its reserves.
Analysts Expect Pressure On Hungarian Government To Renew Talks With IMF
- 22 Sep 2010 1:00 AM
- current affairs
"London-based emerging-markets analysts believe that the Hungarian government will come under intense pressure from capital markets to continue co-operation with the IMF after the local elections, HVG reports.