Govt plans more effective supervision with cbank, finance watchdog merger - Varga | The Budapest Business Journal on the web | bbj.hu
The state secretary said the government recalculated the budget at Wednesday’s cabinet meeting in Sopron. There are measures planned on both the revenue side and the expenditure side, he added. A readjustment of HUF 100bn-150bn will be necessary to take into account an expected economic growth of 0.5% next year instead of the earlier forecast which was 1.5%, and keep the deficit target of 2.5%, Mr Varga said.
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