Hungary announces HUF 397 bln budget adjustment for 2013

BUDAPEST, Oct 5 (Reuters) - Hungary will raise its 2013 budget deficit target to 2.7 percent of GDP from 2.2 percent and will implement a budget adjustment programme worth 397 billion forints ($1.81 bln) to achieve the new goal, the economy minister said on Friday.

Gyorgy Matolcsy told a news conference that the measures included a reduction in the national co-financing of EU projects and a delay in a planned hike in teachers' wages.

The government has also decided to reduce the size of public sector staff by not replacing those who retire. ($1 = 218.98 Hungarian Forints)

(Reporting by Gergely Szakacs and Krisztina Than)

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Keywords: HUNGARY BUDGET/2013