Hungary's public deficit for 2003 could reach 5.8% of gross domestic product
Published:
8 February 2004 y., Sunday
Hungary's public deficit for 2003 could reach 5.8% of gross domestic product, higher than the figure that led to the dismissal of his predecessor, incoming finance minister Tibor Draskovics says.
"According to my best knowledge, the final results couldn't be higher than 5.6 (percent of GDP) plus 0.2," Draskovics told a press conference.
Draskovics said the additional 0.2% added to the forecast deficit figure stems from last year's negative balance of the State Privatization Agency, APV.
Draskovics' predecessor, Csaba Laszlo, was fired last month after admitting that the deficit would reach 5.6% of GDP, exceeding initial forecasts of 5.2%.
Draskovics said the 2004 year-end deficit would be kept at 4.6%. He has announced spending cuts of 155 billion forint (578 million euros, 731 million dollars) for the coming year.
Šaltinis:
businessday.co.za
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission today concluded on the existence of excessive deficits in Cyprus, Denmark and Finland and recommended deadlines for their correction to the Council.
more »
Over 2000 former construction workers in Spain and nearly 600 ex-employees of Irish glass company Waterford Crystal and its suppliers will receive a total of €11 million in aid from the EU Globalisation Adjustment Fund to help with training, business start-ups and job guidance under plans agreed by MEPs and the Council of Ministers.
more »
MEPs on Tuesday decided six top priorities and a number of additional key issues for the upcoming negotiations on the 2011 budget.
more »
The EU-China Science and Technology Week starts today at the heart of World Expo Shanghai.
more »
European Climate Action Commissioner Connie Hedegaard and European Investment Bank President Philippe Maystadt agreed on Monday to explore a joint climate finance initiative for developing countries as part of the European Union commitment made at the UN climate conference in Copenhagen last December.
more »
Sustainability, competitiveness and security of energy supply: the three pillars to the foundation of a new EU energy community.
more »
EU Trade Commissioner Karel De Gucht and Palestinian Minister of National Economy Hasan Abu-Libdeh today discussed measures to enhance EU-Palestinian bilateral trade relations and to facilitate trade of Palestinian products to EU markets.
more »
Some of the most innovative and exciting transport research projects funded by the EU are being showcased at the Transport Research Arena (TRA) in Brussels this week.
more »
Nowadays we rely heavily on satellite positioning and navigation, but the only available technology is American.
more »
The European Commission will reveal how it aims to revamp its transport networks policy in response to the challenges of the 21st century at a conference dedicated to the Trans-European Transport Network (TEN-T) in Zaragoza on 8 and 9 June.
more »