BUDAPEST: Hungary's government sees economic growth slowing to 2.5 percent next year from an estimated 3.2 percent in 2014, Economy Minister Mihaly Varga said on Thursday as he unveiled the key parameters of the 2015 draft budget.
Varga will submit the bill to parliament later on Thursday.
He said Hungary targeted a budget deficit of 2.4 percent of economic output next year versus a planned 2.9 percent shortfall in 2014.
"A lot will depend on what happens in Germany, or Italy and France, and we also expect the Ukraine-Russia crisis to have an impact, albeit not very significant," Varga told a conference organised by financial news website portfolio.hu.
"On the whole, we can plan the framework of next year's budget with cautious optimism," he said.
Varga added that the government estimated inflation to accelerate to 1.8 percent in 2015 from zero this year.
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