TITLE

Fiscal Stimulus To Have Limited Impact

PUB. DATE
January 2009
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Jan2009, Vol. 16 Issue 1, p5
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article predicts that the government economic stimulus package announced on November 13, 2008 will have a limited impact to prevent a recession in Hungary in 2009. Under the stimulus package, announced by Hungarian National Development and Economy Minister Gordon Bajnai, HUF1.40 trillion will reportedly be allocated to business subsidiaries over the course of 2009 to 2010. It notes that the decision of the government to abandon scheduled 2009-2011 taxation cuts bodes well for the budget balance.
ACCESSION #
35546957

 

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