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Hungary to present budget measures to EU this week-paper

BUDAPEST, Oct 3 (Reuters) - Hungary has to present deficit-cutting measures to the European Commission by Friday to show how it will keep the budget deficit below the bloc's ceiling of 3 percent next year, the Hungarian minister responsible for talks with the IMF said.

"The government will have to present the measures to keep the budget deficit below 3 percent (of GDP) by October 5 to the Union to end this (excessive deficit procedure) against us next year," Mihaly Varga said in an advance copy of an interview to be published on Thursday in the weekly Heti Valasz.

"The European Commission will decide based on this -- still in October or in early November the latest -- whether it suspends EU funds to our country or not," he added.

(Reporting by Sandor Peto)

((sandor.peto@thomsonreuters.com)(+36 1 327 4744)(Reuters Messaging: sandor.peto.thomsonreuters.com@reuters.net))

Keywords: HUNGARY ECONOMY/MINISTER