Arab Today, arab today hungary unveils third austerity package in six weeks
Last Updated : GMT 22:32:54
Arab Today, arab today
Arab Today, arab today

Hungary unveils third austerity package in six weeks

Arab Today, arab today

Arab Today, arab today Hungary unveils third austerity package in six weeks

Budapest - AFP

Hungary\'s government approved its third austerity package in six weeks on Friday, set at 90 billion forints (316.3 million euros). The package includes the cementing of a bank tax and an increase in taxes on energy companies, according to a statement on the economy ministry website. Prime Minister Viktor Orban said earlier on Friday that the latest measures will mean the deficit will reach only 2.7 percent of gross domestic product in 2013. The banking sector tax was introduced in 2010 as a temporary revenue-based \"crisis tax\" but will now be made permanent at its 2013 level. A 30 percent tax on energy providers will be raised to 50 percent from 2013, which the government forecasts it will bring in 40 billion forints for the central budget next year. Another 30 billion forints is expected to be generated from a new tax on public utilities, charged per cable metre, and payable for water, sewage, natural gas, heat, power and telecommunications services. The government also plans to bring in three corporate tax rates: 10, 19 and 50 percent. On October 5, Economy Minister Gyorgy Matolcsy announced a 397 billion forints set of measures, and a 367 billion forints package on October 17. The series of austerity measures are aimed at keeping Hungary\'s budget deficit under 3.0 percent, thereby avoiding losing access to vital EU cohesion funds. According to the European Commission\'s autumn economic forecasts released last week, Hungary\'s deficit will reach 2.5 percent of GDP in 2012, 2.9 percent in 2013, and 3.5 percent in 2014.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hungary unveils third austerity package in six weeks Arab Today, arab today hungary unveils third austerity package in six weeks

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hungary unveils third austerity package in six weeks Arab Today, arab today hungary unveils third austerity package in six weeks

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Airbus CEO says won't cling to job

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 'Final phase' of battle for Raqa

GMT 03:47 2017 Monday ,16 October

'Final phase' of battle for Raqa
Arab Today, arab today Uber puts the brakes on UberPOP

GMT 14:15 2017 Tuesday ,10 October

Uber puts the brakes on UberPOP
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Norway seeks 'Tesla tax' on electric cars

GMT 08:17 2017 Friday ,13 October

Norway seeks 'Tesla tax' on electric cars
Arab Today, arab today Safaa Sultan happy for “Love School”

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”
Arab Today, arab today Conservation cutbacks put Brazil's

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:19 2017 Wednesday ,11 October

Bosy reveals behind her participation in festival

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:20 2017 Thursday ,12 October

Chad extends key conservation area

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:26 2017 Wednesday ,11 October

Trump Rolls Back Obamacare Provision

GMT 07:16 2017 Friday ,13 October

Lufthansa to swallow lion's share

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday