Hungariy's Economy Ministry Tight-Lipped Over Sale Of State Assets

  • 21 Nov 2014 8:00 AM
Hungariy's Economy Ministry Tight-Lipped Over Sale Of State Assets
The Economy Ministry has declined to disclose details as to why the draft 2015 budget includes Ft 169 billion in revenue from the potential utilisation or sale of state assets, Napi Gazdaság reports.

The publication of details would harm the business interests of the state and its bargaining position, the ministry said, adding that details will be revealed once there is a decision on the transactions.

The receipt of Ft 169 billion from the sale of state assets would be the biggest privatisation since the sale of Ferihegy airport in 2005, napi.hu pointed out, adding that any shortfall in this projection would create a big hole in the budget.

The National Bank highlighted this item in the budget as the single biggest risk factor, Napi Gazdaság writes, as the government has given no indication in the budget as to where this money will come from.

Source: Hungary Around the Clock

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