Hungary Budget Watchdog Urges President to Stop Its Dissolution
This article is for subscribers only.
Hungary’s Fiscal Council urged President Pal Schmitt to refrain from signing a bill that disbands the regulator, asking him to send it back to lawmakers for reconsideration or to a Constitutional Court probe.
Parliament yesterday approved the proposal that dissolves the current Fiscal Council, revokes the mandate of its three members and dismisses all 40 staff members. A new budget regulator will consist of the heads of the central bank, the State Audit Office and an economist appointed by the President.