In its last meeting on March 13th, the Council decided to suspend a part of the Cohesion Fund commitment appropriations for the year 2013 for Hungary.

The decisión was adopted after establishing that Hungary had not taken effective action in response to the Council Recommendation of July 2009. Following this recommendation, the Council, in its 12 July 2011 Opinion on the 2011 update of the Convergence Programme (CP) of Hungary, recommended that Hungary “strengthen the fiscal effort in order to comply with the Council recommendation to correct the excessive deficit in a sustainable manner […] and ensure that the budget deficit is kept safely below the 3% of GDP threshold in 2012 and beyond”.
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