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Interest payments HUF 30bn more than planned in 2008, says FinMin

    The earlier plan was to pay 1,0098.5 billion forints on interest
payment this year but this has been increased to 1,129 billion
forints as a result of higher yields on the government bond market.

    Because of the the higher costs some regrouping will need to be
carried out in the budget, he said.

    Calculations are currently under way to specify how much can be
spent on tax adjustments next year instead of the originally
projected 200-250 billion forints. This is because of the increase
in interest spending and the loss of revenues resulting from the
recent referendum on government reforms, Veres said.

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