At its meeting yesterday the cabinet decided that Hungary will introduce the Euro from January 2008
Published:
18 July 2003 y., Friday
At its meeting yesterday the cabinet decided that Hungary will introduce the Euro from January 2008 and join the ERM-2 system as early as possible from the date of EU accession on May 1, 2004, Prime Minister Peter Medgyessy announced.
The government also approved the guidelines for next year's budget, which set the general government deficit target at 3.8% of GDP. Public spending is planned to rise by 8.3% and general government revenue is expected to rise by 11.6%, the Prime Minister said. Revenue centralization of the general government will remain at this year's 48.2%, Finance Minister Csaba Lбszlу added. EU entrants must cut budget deficits below 3% of GDP, trim debts to below 60% of GDP and slow inflation to adopt the Euro. Hungary won't manage without overhauling public finances, analysts said.
Šaltinis:
bbj.hu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
On 11 February, heads of state or government of European Union member states will meet in Brussels to seek a commitment towards implementing a revitalised economic strategy to boost employment and growth in the EU.
more »
International Monetary Fund forecasts that Lithuania’s economy will grow 1.6 % this year, making it “the only one of the three Baltic economies expected to be in the positive territory in 2010”.
more »
Raynair announced it would open its 40th and 1st Central European base at Kaunas, Lithuania’s second largest city, in May with 2 based aircraft and 18 routes.
more »
A new Partnership Strategy for Morocco has been approved by the Board of Executive Directors of the World Bank.
more »
The electric car is an opportunity for European industry.
more »
The EBRD’s Board of Directors has adopted a new strategy for Kazakhstan, which reinforces the Bank’s commitment to further support the Kazakh economy and sets out the priorities for its activities in the country over the next three years.
more »
The European Commission has authorised, under EU state aid rules, plans notified by Sweden to provide a guarantee that would enable Saab Automobile AB to access a loan from the European Investment Bank (EIB).
more »
At the informal meeting of the Ministers of Competitiveness (Science and Industry), to be held between 7 and 9 February in San Sebastian, the issues on the table will include placing science at the top of the EU agenda and showcasing its role in economic recovery, as well taking the debate on the electric vehicle to EU level.
more »
The Executive Board of the International Monetary Fund (IMF) today approved a 27-month Stand-By Arrangement with Jamaica in the amount of SDR 820.5 million (about US$1.27 billion) to support the country’s economic reforms and help it cope with the consequences of the global downturn.
more »
Mr. Nadeem Ilahi, chief of an International Monetary Fund (IMF) staff mission to the Kyrgyz Republic, issued the following statement today in Bishkek.
more »