According to the forecast of GKI Economic Research Co. prepared in co-operation with Erste Bank, the restructuring of taxes in 2011 brings the general government deficit under 3 per cent of GDP, however, it is disadvantageous for economic growth in both the short and the long run.
According to the forecast of GKI Economic Research Co. prepared in co-operation with Erste Bank, the restructuring of taxes in 2011 brings the general government deficit under 3 per cent of GDP, however, it is disadvantageous for economic growth in both the short and the long run. In 2011 GDP is expected to grow by 2.5 per cent, but household consumption will be up only by 1 per cent at most, whereas household savings increase further.
You can download the analysis from here.
