Press Release: Commission commends Hungarian efforts to correct 2005 budget deficit but sees vulnerabilities

The European Commission on 13 July 2005 concluded that the Hungarian authorities had taken effective action regarding the 2005 budget deficit, in line with the new Council recommendations of March 2005. But achieving the deficit target of 3.6% of GDP in 2005 may require further action and important and decisive adjustments would be needed to cut it further to 2.9% in 2006.

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