Bloomberg News

MORE: Hungary May Raise Transaction Tax Rate for Treasury: MNB

March 28, 2013

Hungary may boost the financial transaction tax rate for budgetary institutions this year or expand the levy to raise the targeted 80 billion forint in 2013 from the Treasury, central bank economist Zsolt Lovas says. * The central bank consulted with the Economy Ministry, where officials confirmed that govt intends to raise the targeted amount from the financial transaction tax from budgetary institutions: Lovas * NOTE: Govt expects to raise 340 bln forint from transaction tax this year, including 260 bln forint from banks and 80 bln forint from the Treasury * NOTE: Hungary Transaction Tax Revenue Below Target, Portfolio Says NSN MK0NOM6JIJVV <GO> * NOTE: Hungarian Central Bank Cuts Deficit Forecast Under Matolcsy NSN MKD8FJ6KLVZL <GO>

To contact the reporter on this story: Zoltan Simon in Budapest at zsimon@bloomberg.net

To contact the editor responsible for this story: Zoltan Simon at zsimon@bloomberg.net


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