Hungary continues to search for ways to raise additional revenues from the financial sector in ways that would allow it to rescind controversial taxes it implemented in 2010 on the banks. It hopes to be able to push through a 0.1% transaction tax on lenders by 2014, and that this would lead to revenues of HUF 322bn annually. The hated extraordinary taxes would thus be able to phased out. Hungary is entering a period of talks with the IMF over new support measures that could be extended to the country, however these discussions are increasingly expected to be protracted and difficult.
