Draft IMF report says Hungary needs bigger reserves, stability package - paper

A precautionary programme from the International Monetary Fund, prepared in the framework of a strict fiscal policy, could help ease existing tensions in Hungary by increasing reserves and introducing a package of stability measures, according to a report prepared for a meeting of the IMF board on January 18 obtained by business weekly Figyelo.
EconomyFriday, 17:20 January 6., 2012 Read more

State Audit Office says fiscal reserves positive, but warns of risks in 2012 budget bill

Hungary's State Audit Office (ÁSz) on Friday called a rise in reserves in next year's budget a positive development, but said a number of risks are still present in the proposed legislation.
EconomyFriday, 15:40 October 14., 2011 Read more

Govt decree freezes HUF 577 bln in residuals to keep budget balance

A government decree published on Monday requires central budget-funded institutions as well as the health and social insurance funds to freeze HUF 577 billion in residuals this year to maintain the balance in the 2011 budget
EconomyTuesday, 07:15 September 20., 2011 Read more

Govt may increase budget reserves to counter slow growth, says Varga

Hungary will lay aside more funds at ministries in a bid to offset the negative effects of slowing economic growth, while additional 'minor' economic measures are also in the pipeline
EconomyWednesday, 12:00 August 31., 2011 Read more

Hungary govt taps half of 2011 reserves in three months

Hungary has spent HUF 52 billion over the past three months from the HUF 90 billion the government laid up earlier this year in general budget reserves
EconomyFriday, 13:35 August 26., 2011 Read more

Parliament taps into stability reserves

Parliament approved changes to the 2011 budget to withdraw HUF 182.1 billion in frozen  allocations as the government's revenue and expendure targets are likely to be missed
EconomyTuesday, 06:45 July 12., 2011 Read more

Bill would take more than HUF 182 bln from frozen budget spending

A bill submitted to Parliament on Wednesday plans to take away HUF 182.1 bln from frozen budget allocations to compensate lower state revenue and higher expenditures
EconomyThursday, 11:20 June 23., 2011 Read more

BUX down 0.13% at noon

BUX down 0.13% at noon as Bernanke boost proves ephemeral
EconomyThursday, 13:15 April 28., 2011 Read more

Freezing stability reserves will keep 2011 budget on track, economy ministry state secretary says

The government will meet its 2011 deficit target of 2.9% of GDP due to the freezing of a HUF 250 billion stability fund established earlier this year, Ministry of National Economy State Secretary Gyorgy Naszvadi said
EconomyMonday, 11:00 April 18., 2011 Read more

Ministry works to keep budget freeze from affecting farmers

Frozen sum in the budget is not expected to affect farmers, says Rural Development Ministry.
PoliticsTuesday, 12:55 March 22., 2011 Read more

General reserves still amount to HUF 22bn

Around HUF 22bn is still available from the general budget reserves after HUF 13.4bn had to be paid out already in the second half of this year, primarily on flood damages, the Ministry of National Economy told MTI.
EconomyWednesday, 10:29 July 28., 2010 Read more

Hungary international reserves rise in June

Hungary's international reserves stood at €35.177 billion at the end of June, up €320 million in a month after rising €637 million in May and €368 million in April, preliminary National Bank of Hungary (MNB) figures published on Wednesday show.
EconomyWednesday, 09:42 July 7., 2010 Read more

Court summons expert testimony in gas reserve case

The Budapest Municipal Court on Tuesday issued summons for experts to testify in a court case brought by Energia Klub to make public the contracts for a government-mandated strategic gas reserve.
EnergyTuesday, 17:10 May 4., 2010 Read more

Hungary international reserves fall to €30.7 billion

Hungary's international reserves stood at €30.676 billion at the end of December, down €176 million from a month earlier after climbing €441 million in November, preliminary National Bank of Hungary (MNB) figures published on Thursday show.
EconomyThursday, 15:59 January 7., 2010 Read more

Hungary international reserves grew in November

Hungary's international reserves stood at €30.852 billion at the end of November, up €441 million from a month earlier after a drop €192 million in October and a rise of €250 million in September, preliminary National Bank of Hungary (MNB) figures published on Monday show.
EconomyMonday, 11:47 December 7., 2009 Read more

Hungary international reserves rise in September

Hungary's international reserves stood at €30.603 billion at the end of September, up €250 million from a month earlier, after a rise of €943 million in August, preliminary National Bank of Hungary (MNB) figures published on Wednesday show.
EconomyWednesday, 14:14 October 7., 2009 Read more

Hungary's gas reserves to reach maximum by heating season

A daily 26 million cubic meters of gas is being put into the gas reserves of gas-storage company E.ON Földgáz Storage, while the current 2.3 billion cubic meters of gas in storage will reach the maximum capacity of 3.7 billion cubic meters by the beginning of the heating season.
EnergyFriday, 15:37 August 7., 2009 Read more

Hungary's international reserves up in July

Hungary's international reserves stood at €29.41 billion at the end of July, up €2.460 billion from a month earlier, preliminary National Bank of Hungary (MNB) figures published on Friday show. The rise presumably include Hungary's €1 billion five-year bond issue and €1.5 billion trench called down from the EU from the €20 billion IMF-EU-World Bank package agreed in last November.
EconomyFriday, 11:26 August 7., 2009 Read more

Hungary's international reserves up in June

Hungary's international reserves stood at €26.950 billion at the end of June, up €288 million from a month earlier, preliminary National Bank of Hungary (MNB) figures published on Tuesday show.
EconomyTuesday, 10:13 July 7., 2009 Read more

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