Xinhua
03 Jul 2020, 22:29 GMT+10
BUDAPEST, July 3 (Xinhua) -- Hungary's parliament adopted the country's 2021 budget here on Friday with 133 votes in favor, 61 against and no abstentions.
"Next year's budget is the budget of economic protection which, while maintaining the epidemiological preparedness, includes the necessary resources to support families raising children, to help the elderly, to safeguard the existing jobs and to create new ones," Minister of Finance Mihaly Varga said before the vote.
A key pillar of the budget is the Economy Protection Fund, which provides the necessary resources for the continuation of programs related to the protection and restart of the economy, such as developments, investments and measures related to the promotion of employment in the amount of more than 2,600 billion forints (8.3 billion U.S. dollars), Varga said.
The new budget targets a 4.8 percent economic growth with a moderate 3 percent inflation rate, according to the minister. (1 U.S. dollar = 314.30 Hungarian forints)
Get a daily dose of Michigan Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Michigan Sun.
More InformationNEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...