Fiscal Council receives 2015 budget draft
Hungary's Fiscal Council received the draft of next year's central budget act on Monday, and intends to prepare its opinion on the draft by October 27 or 28, Council president Árpád Kovács informed Hungarian news agency MTI late yesterday. Legislation gives the Fiscal Council ten days to formulate its opinion on the draft.
The budget drafts reflects efforts to make 2015 the year of holding banks accountable, leaving families with more money and strengthening domestic demand, the National Economy Ministry said earlier on Monday. The government also aims to launch a large-scale reduction of bureaucracy to improve competitiveness, it added.
The government will submit the budget bill to Parliament no later than October 31, as required by law, the ministry said. The draft will be made public upon its submission, it added. The submission deadline was recently extended to October 31 in election years.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
.jpg)
