WAGE-FREEZE URGED BY IMF

The International Monetary Fund (IMF) urges the introduction of a stricter fiscal policy and the repression of purchase power, i.e. a new ’Bokros package’ in its country report on Hungary. The significant restriction first time may hit Hungarians in 2004, in the year of the EU-accession. The journal Világgazdaság is informed about IMF urging a wage-freeze in the civil service.