Govt calculates 1.6pc GDP growth in 2013 budget

Budapest, May 17 (MTI) – The government has calculated with economic growth of 1.6 in its 2013 budget draft published on the economy ministry’s website on Thursday.

The draft, whose projections largely correspond with those laid out in the government’s economic Szell Kalman Plan 2.0, outlines investments to grow by 0.3 percent next year, after a decline of 2.3 percent this year. The budget draft envisaged a 1.2 percent drop in household consumption this year and 0.2 percent growth next year, compared to a 1.4 percent drop and 0.7 percent growth, respectively, contained in the Szell Kalman Plan.


Inflation is seen at 5.2 percent in 2012 and 4.2 percent in 2013.


Net wages are projected to rise 4.8 percent in 2013 after 1.7 percent in 2012, according to the draft.


The government plans to submit next year’s budget bill by June 15.