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Jun 14, 2018

Fidesz say new budget is designed to guarantee security, economic growth, support for families and full employment

The ruling Fidesz party has said the budget bill presented to parliament by the finance minister envisages a budget of “steady growth”, based on “responsible and provident” planning

The ruling Fidesz party has said the budget bill presented to parliament by the finance minister envisages a budget of “steady growth”, based on “responsible and provident” planning.

Spokesman Imre Puskás said it is designed to guarantee security, economic growth, support for families and full employment.

Puskás added that the pre-2010 leftist governments had “wasteful” budgets that hit families with austerity measures and tax hikes, plunging the country into debt and to the brink of insolvency.

“Hungary lost its economic independence, danced to the tune of Brussels and the IMF, and faced an excessive deficit procedure for nine years,” Puskás said.

He pointed out that the Fidesz-Christian Democrat government has “regained the country’s independence and stabilized its finances. “It pursues a responsible fiscal policy that reduces state debt and induces a growth rate of over 4 percent,” he said.

The Fidesz spokesman added that since 2010, unemployment has fallen from 12 percent to 3.8 percent, wages have continued to grow and taxes have been reduced.