158 result(s) for fiscal deficit
Hungarian Government’s Decisions On System Of Taxes
- 10 May 2012 9:00 AM
- current affairs
The Government has decided to scrap the banking tax and other sectoral crisis taxes; as of the beginning of 2013, one half of the banking tax will be retained in the system, while as of 2014, this tax will be abolished altogether, Minister for National Economy György Matolcsy said on Wednesday at the Government Spokesperson’s press conference.
EU Finance Ministers Impose Funding Suspension For Hungary, Will Revisit Decision In June
- 14 Mar 2012 8:03 AM
- current affairs
"EU finance ministers on Tuesday decided to go ahead with the suspension of a portion of Hungary's cohesion funding for 2013 but also agreed to revisit the decision in June to assess the government's progress in keeping to its budget deficit goals, officials of the EU Danish presidency told MTI.
Hungarian Minister Zoltán Kovács In Paris – On The Crisis Of The Euro-Zone
- 2 Mar 2012 8:02 AM
- business
"Zoltán Kovács, Minister of State for Government Communication, took part in a round-table discussion on the subject of the eurozone crisis at the Paris office of the European Commission.
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.
Hungarian Government’s Decisions On System Of Taxes
- 10 May 2012 9:00 AM
- current affairs
The Government has decided to scrap the banking tax and other sectoral crisis taxes; as of the beginning of 2013, one half of the banking tax will be retained in the system, while as of 2014, this tax will be abolished altogether, Minister for National Economy György Matolcsy said on Wednesday at the Government Spokesperson’s press conference.
EU Finance Ministers Impose Funding Suspension For Hungary, Will Revisit Decision In June
- 14 Mar 2012 8:03 AM
- current affairs
"EU finance ministers on Tuesday decided to go ahead with the suspension of a portion of Hungary's cohesion funding for 2013 but also agreed to revisit the decision in June to assess the government's progress in keeping to its budget deficit goals, officials of the EU Danish presidency told MTI.
Hungarian Minister Zoltán Kovács In Paris – On The Crisis Of The Euro-Zone
- 2 Mar 2012 8:02 AM
- business
"Zoltán Kovács, Minister of State for Government Communication, took part in a round-table discussion on the subject of the eurozone crisis at the Paris office of the European Commission.
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.