Hungary

The International Monetary Fund has warned the Hungarian government that its fiscal strategy is “risky” and has called for the deferment of 2012-2013 personal and corporate tax cuts, The Wall Street Journal reports.

“The government’s strategy is risky as it needs the otherwise costly tax cuts to trigger a strong response in economic activity, which may not materialize,” according to the fund’s Article IV staff report on Hungary.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.