Economic policy reflections in view of the 2006 convergence programme

Member states that have not yet adopted the euro submit convergence programmes to the competent organisations of the EU, the Council and the Commission each year. It is common knowledge that the Council requested that the Hungarian programme submitted in 2005 should be revised for the known reasons. This updated programme states already on the first page that “…the new Government, which took office in June 2006, presents in the programme the medium term objectives of its economic policy, in particular the way to consolidate the high deficit.” (Convergence Programme of Hungary, 2005–2009).