Publication: Magyar Közlöny
Issue: MK-2009-42 (Year: 2009, Number: 42)
Era: 2004-2010
Section: 
Paragraph Index: 172

4. In the light of the latest economic developments, the growth outlook underlying the economic programme of the Government appears outdated, as GDP growth is now expected to decline by 3–3.5%, against the forecast of a 1% decline in October 2008. Against this background, the authorities revised their economic programme. The new strategy comprises a slight upward revision of the deficit target to 2.9% of GDP coupled with expenditure-based corrective measures of 0.7% of GDP (together implying a larger-than-planned fiscal effort), as well as a series of structural measures to improve the long-term sustainability of Hungary’s public finances, in particular in the areas of the pension and social support systems.

Source: https://magyarkozlony.hu/hivatalos-lapok/60a8ea67ae0634355ca5616a473b2cba4a412158/dokumentumok/37d93bee8dcb3ca008a05d81fd5383d5e69b0423/letoltes