Parliament to vote on reserve fund, media-law changes next week – govt spokes

Budapest, February 18 (MTI) – The government’s bill on setting aside 250 billion forints (EUR 930m) of stability reserves as a buffer against external shocks is likely to appear before lawmakers on Monday, while four amendments to the media law will be voted on next week, government spokeswoman Anna Nagy said on Friday.

The budget-related bill will also give greater scope to make transfers within the budget and rechannel unused financing to the most burning problems, she said.

    The fund can only be tapped by the government if any possible risks appear to cause genuine problems. If there is no need to draw on the stability fund, then the sum will be transferred back to the budget.

    Hungary has agreed with the EU to push its budget deficit to below 3 percent of gross domestic product this year.