Hungary intends to postpone the application of a provision for 2016 to reduce debt and should enter into force next year in January, reflecting a new change in policy aimed at drastically reducing the country's debt, informs AFP .
Economy Minister Gyorgy Matolscy, proposed a law that suspended Sunday evening usually included in the new Constitution enters into force in January 2012, that debt may not exceed 50% of GDP. "The temporary measure, provision for debt reduction shall apply from the budget for 2016 ', says the bill, without providing details on how a constitutional provision will be partially suspended.



But the government denied Monday any change of direction in a statement announcing that it will continue to reduce debt as provided in 'convergence plan' adopted this spring in order to adapt the rules of the euro area. The plan aims at reducing public debt to 64.1% of GDP by 2015, but the government believes that it is unlikely that Hungary should join the euro area before 2020.



Prime Minister Viktor Orban declared 'war debt', making its reduction one of its main objectives, so that even the written Constitution. In September, he called for new austerity measures that the country's debt to fall below the threshold of 70% of GDP in 2012 and at a level close to 60% of GDP in 2014.



'This measure is only an immediate surrender (the government) in the war that he himself started, "commented political analyst Gabor Torok Hungarian.



Parliament, where Fidesz party Viktor Orban's has a two-thirds majority should begin debating the bill Thursday. Under pressure from financial markets, the Hungarian government took another turn 180 degrees and last month, asking the International Monetary Fund an agreement, after returning to power in 2010, Victor Orban refused any support from this body, arguing that Hungary can fund one international markets.