Hungary to Freeze Spending, Postpone Budget Measures, Index Says

Hungary will freeze some spending at state institutions, allowing it to delay decisions on additional measures needed to meet its 2012 budget-gap target, Index said, citing an unidentified person with knowledge of the process.

The Cabinet may approve the spending freeze at a meeting today in Sopron, western Hungary, the news website reported.

Prime Minister Viktor Orban said last week the government needs to recalculate the 2012 budget because of slower economic growth and a weaker forint than previously forecast.

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