Budapest, September 21 (MTI) – Hungary’s government will amend this year’s budget to allocate an additional 30 billion forints (EUR 96.6m) towards managing the migrant crisis, bringing the total amount allocated towards crisis management to 60 billion forints, an economy ministry deputy state secretary said on Monday.

Richard Adorjan said the amendment will raise the funds allocated to central contingency measures by 60 billion forints to 160 billion forints.

Another 1 billion forints of “emergency reserves” will be allocated towards handling the migrant crisis in the interior ministry’s budget, he said.

The Fiscal Council approved the amendments to the budget, and said that amendments to the revenue side were realistic.

The council said the amendments conform to the regulations on debt but extra expenditures leave less room for risk management.

The council said the cashflow-based general government deficit target for the year is achievable as long as the government “continues its cautious fiscal management”, which it said was particularly important in light of the unpredictability of the migrant crisis.

Photo: MTI

Source: http://mtva.hu/hu/hungary-matters

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