×

Hungary govt to review 2013 growth projection

BUDAPEST, Oct 1 (Reuters) - Hungary's government will have to review its 2013 economic projections as it is unlikely to hit the 1.6 percent annual growth that it has targeted so far, the minister in charge of aid talks with the IMF and the EU said on Monday.

Mihaly Varga told a Parliament committee that the lenders and the government differ over how much should be trimmed from the 2013 budget in order to keep the budget deficit below 3 percent of gross domestic product, a sacrosanct goal.

Varga put the difference to about 300-350 billion forints ($1.58 billion).

The official deficit target is 2.2 percent of economic output.

Hungary and its partners started talks on an aid deal in July and Budapest eyes a 12-15 billion euro precautionary agreement, Varga has said. ($1 = 221.5857 Hungarian forints)

(Reporting by Marton Dunai)

((marton.dunai@thomsonreuters.com)(+36-1-327-4742)(Reuters

Messaging: marton.dunai.thomsonreuters.com@reuters.net))

Keywords: HUNGARY IMF/BUDGET