Hungary will start talks with the International Monetary Fund (IMF) in a few days to grant a credit line, told Les Echos, the Prime Minister Orban Voktor.
Hungarian Prime Minister said that "4-5 billion dollars would be enough" because Hungary is able to self-finance from the markets. This happened in 2010, when Hungary ended relations with the IMF, Budapest Business Journal writes.



Orban said that the weak forint is because European banks facing difficulties, withdraw money from Hungary, and this process has an impact on the economy.



Downturn is also a result of low growth in Germany, he completed the Hungarian Premier. As a result, forecasts for growth next year will be adjusted, most likely below the 1.5% estimated in September this year. Wednesday, Economy Minister Gyorgy Matolscy said the government reported an increase in Gross Domestic Product (GDP) next year from 0.5 to 1%.



Informal discussions with the Head of IMF mission in Hungary, Christoph Rosenberg and representatives Europeme Commission (EC) shall take place between 13 and 16 December in Budapest, said in a statement the IMF representative in Hungary Iryna Ivaschenko. Formal negotiations will begin next year.



Orban also said that Hungary is able to restore fiscal balance as the most successful in the period 1998-2002. But this will require division of responsibility between the public, state and companies.



However, it seems that the IMF is not the same removers, added Orban, adding that the IMF, banks, companies and rating agencies have criticized the measure proposed by his government, to claim credit intuit large corporations to improve finances government.



One of the priorities of the authorities in Budapest was to keep the deficit below 2.8% of GDP "I took all decisions, including the most challenged, to avoid exceeding this limit," he insisted also said Orban.



In addition, Hungarian Prime Minister also said that if the forecast slowdown in the economy appears to be correct, then the government will have to resort to layoffs in the public sector. This year, more than 10,000 public sector workers have lost their jobs from a total of 700,000 people redundant, but Orban promised that next year will create another 200,000 jobs.
The Hungarian government is now working to repair a "historical errors" as he called excessive exposure to the mortgage market Orban Hungary foreign currencies.