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Hungary's opposition Fidesz party will draw up a new, radically transformed, 2006 budget if it wins this month's elections, opposition leader Viktor Orban said on Friday.
"We have to draw up a supplementary budget which practically means a new budget," Orban told Inforadio.
Orban said Fidesz will definitely go ahead with its plan to cut employers' social security contribution to 19 percent from 29 from July, which is the centrepiece of its economic programme to create 200,000 new jobs and boost economic growth.
Hungarians will cast their ballots in the first round of parliamentary elections on Sunday. The ruling Socialists and their liberal allies had a slight lead in the last opinion polls allowed ahead of voting.
Hungary, which missed its budget targets in each of the past four years, is heading towards another deficit overshoot this year, most analysts say, and it must present a credible plan of deficit cuts to the European Union by September.
Orban, who earlier this week promised to raise the minimum wage sharply to above 100,000 Hungarian forints ($460.2) a month, also said Hungarian wages should be adjusted gradually to western European standards, otherwise skilled labour will leave the country.

Copyright Reuters, 2006

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