Sat, Feb 04 2012

Tackling the budget deficit

Tue, Dec 29 2009 14:19 CET

byRobert Hodgson - The Budapest Times

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Tackling the budget deficit

Photo: Wikipedia

Hungary could end 2009 as a member of an exclusive club of just five EU member states with a budget deficit under four per cent – a far cry from three years ago, when it had the highest shortfall in Europe. The country began the year with the ignominy of recently having become the first EU member to require an international bailout as the financial crisis struck. In fact, Hungary had been labouring under an economic crisis of its own for more than two years when the shockwaves hit.

However, as we approach the end of the first decade of the new millennium, it looks as though after years of living beyond its means, 2009 might go down as the year that Hungary finally began to sort itself out. After beginning the year with a well-earned reputation as the EU’s economic black sheep, Hungary looks set to end it with one of the EU’s lowest budget deficits.

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Comments

Anonymous Aries. Tue, Dec 29 2009 21:53 CET
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Koinos nous.
Some measures I would suggest
slimming the bureaucracy,
cutting public spending,
collecting vat.
tax church propert.cutting premature pensions
to a minimum.
tax big real-estate.
reducing tax evasive techniques.
investing in labor intensive
factories
investing in car industry
and heavy industries.
investing in high tech.
tax the Greek-ownwed merchant navy

the 13/14 salary promotes the tax income and yhe commercial turnover
as for reducing the [...]

 Read the full comment military
budget.
<<qui vis in pacis para bellum>>

Anonymous Koinos Nous Tue, Dec 29 2009 20:13 CET
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Maybe a lesson here for Greece somewhere...


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