Bloomberg News

Hungary Plans Drug, Transport Subsidy Cuts to Control Deficit

February 22, 2012

Feb. 22 (Bloomberg) -- Hungarian Prime Minister Viktor Orban plans savings on drugs, transportation and other areas to help meet budget targets this year and next, according to a decree published in the government’s Magyar Kozlony newspaper.

Ministers must present proposals by the end of February on cutting drug subsidies and reducing payments next year for public transport in Budapest, according to the decree signed by Orban and published yesterday.

The order also suspended government outlays on most purchases of furniture, cars, computers and telephones, except when authorized by Mihaly Varga, Orban’s chief of staff, the newspaper said.

--Editors: Paul Abelsky, Jeffrey Donovan

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus