Hungary plans HUF 1,400 bln 2-year stimulus package

BUDAPEST, Nov 13 (Reuters) - Hungary's government plans to launch a 1,400 billion forint ($6.88 billion), two-year economic stimulus package to kick-start economic growth, Economy Minister Gordon Bajnai said on Thursday.

The package does not involve new spending but will mean regrouping existing funds in the budget to help primarily small and medium sized enterprises, Bajnai told an economic forum.

Bajnai added that as part of the programme, the government will set aside funds to assume banks' lending risk toward small and medium sized enterprises.

He did not provide any further details.

(Reporting by Gergely Szakacs and Balazs Koranyi; Editing by Victoria Main) ($1=203.52 Hungarian Forint) Keywords: HUNGARY ECONOMY/

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