Budget Details Bode Well For Stabilisation

June 2009
Emerging Europe Monitor: Central Europe & Baltic States;Jun2009, Vol. 16 Issue 6, p1
Country Report
The article reports on the planned fiscal austerity package in Hungary. It is noted that the package includes big reductions in state spending as well as tax burden on employment. It is predicted that general budget deficit will amount to 3 percent of gross domestic product (GDP) in 2009. It is also forecasted that recession will be worsened by removal of fiscal support to aggregate demand.


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