  Government prepares to make 600 billion forints in cuts
At least two thirds of the measures will affect expenditure
 The Hungarian government made it clear in 2010 that the global financial crisis combined with the mismanagement by the previous Gyurcsány-led government means that Hungary is stuck, economically, between a rock and a hard place. It made it clear last year that it would be trimming the fat from its expenditure but it did not reveal how deep the cuts would go. In February the government will reveal exactly where the cuts will be made, but it has now revealed the figure that it aiming for. Speaking to the Dow Jones, Deputy Secretary for the Ministry of National Economy, Roland Nátrán said that the government is aiming to make a cut of between 600-660 billion forints between 2011 and 2013, or approximately $3b-$3.3b in the three year period. Broken down year-on-year, the cuts would be between 200-260 billion forints in 2011, with the remaining 400 billion forints being slashed in 2012 and 2013. Speaking while on a break at a conference in Vienna, Nátrán said, "the key message we want to get across is that we have preparing to implement large-scale and permanent measures which will mainly affect the nation's expenditure within the budget." He added that the private pension system was not taken into account when coming up with these figures.      
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A rovat további hírei
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- Vételi lehetőségek |
- Közönségszolgálat |
- Szervezet |
- Sajtószoba |
- Médiaajánlat |
- Adatvédelem |
- Impresszum