5 The external position of the hungarian economy: 5.3 Fiscal developments

December 2011
Quarterly Report on Inflation (Magyar Nemzeti Bank);Dec2011, p63
The article looks at the fiscal developments in Hungary. The fiscal developments in Hungary resulted to a significant increase in demand amid the reduction in income taxes in 2011. The possible impact of the agreement between the Hungarian Banking Association and the Government on the future fiscal developments in the country is also discussed. Meanwhile, a 0.3 percentage point demand reduction is expected for 2013.


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