127 result(s) for fiscal measure
The Hungarian Prime Minister Sums Up The Government’s First Two Years
- 4 Jun 2012 9:00 AM
- current affairs
’We can look back on the last two years as a successful period, because Hungary has been able to stabilise itself’: this is how Prime Minister Viktor Orbán summed up the Government’s first two years in office. He drew attention to the fact that government finances are stable, that next year the budget deficit will continue to be under three per cent, and that a new constitution has been created.
Hungarian Parliament Has Voted On The Telecom Services Tax
- 21 May 2012 9:00 AM
- tech
The next step is taken in order to establish long term fiscal sustainability and reduce general government debt. Due to the slowing of the European economy and the protracted euro-zone crisis, the European Commission forecasts lower growth for 2012 and 2013, and therefore the government has decided to implement measures aimed at fiscal improvement.
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 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 ...
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.
Hungary Downgraded By Moody’s
- 8 Dec 2010 2:00 AM
- current affairs
Hungary’s sovereign credit rating on Monday was reduced to Baa3 from Baa1 by Moody’s Investors Service, according to Bloomberg. Baa3 is the lowest investment grade, and one step away from speculative, or “junk” category. The Hungarian Forint weakened after the announcement.
Hungary Prepares For Adulthood In The European Union
- 29 Nov 2010 1:00 AM
- current affairs
"In January 2011 Hungary will assume the Presidency of the Council of the European Union. Its six-month term will be an interesting period for Hungary and the EU alike. Hungary will coordinate the Council’s vast bureaucratic and decision-making apparatus while not being able to rely on any significant wealth of accumulated knowledge about some of its workings due to the novelty of the Lisbon ...
The Hungarian Prime Minister Sums Up The Government’s First Two Years
- 4 Jun 2012 9:00 AM
- current affairs
’We can look back on the last two years as a successful period, because Hungary has been able to stabilise itself’: this is how Prime Minister Viktor Orbán summed up the Government’s first two years in office. He drew attention to the fact that government finances are stable, that next year the budget deficit will continue to be under three per cent, and that a new constitution has been created.
Hungarian Parliament Has Voted On The Telecom Services Tax
- 21 May 2012 9:00 AM
- tech
The next step is taken in order to establish long term fiscal sustainability and reduce general government debt. Due to the slowing of the European economy and the protracted euro-zone crisis, the European Commission forecasts lower growth for 2012 and 2013, and therefore the government has decided to implement measures aimed at fiscal improvement.
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 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 ...
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.
Hungary Downgraded By Moody’s
- 8 Dec 2010 2:00 AM
- current affairs
Hungary’s sovereign credit rating on Monday was reduced to Baa3 from Baa1 by Moody’s Investors Service, according to Bloomberg. Baa3 is the lowest investment grade, and one step away from speculative, or “junk” category. The Hungarian Forint weakened after the announcement.
Hungary Prepares For Adulthood In The European Union
- 29 Nov 2010 1:00 AM
- current affairs
"In January 2011 Hungary will assume the Presidency of the Council of the European Union. Its six-month term will be an interesting period for Hungary and the EU alike. Hungary will coordinate the Council’s vast bureaucratic and decision-making apparatus while not being able to rely on any significant wealth of accumulated knowledge about some of its workings due to the novelty of the Lisbon ...