Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-221-000"
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"en.20111201.35.4-221-000"2
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"The 2012 European Union budget was undeniably shaped by the financial problems of the Member States. The EU is being hit hard by the financial crisis because it is in an economically vulnerable position. Yet now, I can gladly state that the EU institutions eventually managed to agree on the adoption of a modest, economical budget.
Currently, our principal focus should be on restoring the financial system, for which job creation, the expansion of employment, and investments that promote economic growth are indispensable.
I believe that the adoption and implementation of a responsible budget, which must, in my opinion, be accompanied by strict economic discipline, is a prerequisite of all the aforesaid. These requirements apply not only in respect of the EU but also the individual Member States.
It is exemplary that with the adoption of the new Hungarian Basic Law, Hungarian budgetary law has also undergone considerable reform with a view to ensuring effective crisis management and economic upturn. It is now enshrined in constitutional provisions that Hungary functions on the basis of the principle of balanced, transparent and sustainable budgetary management. Responsibility for the implementation of this principle rests primarily with the Hungarian Parliament and the government."@en1
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