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Jul 06, 2020

Finance Minister: 2021 budget aim is to maintain state of medical preparedness and to support economic growth

During an interview on Kossuth Rádió yesterday, Mihály Varga said the government’s economic support measures are essential.

 

The finance minister said the Hungarian government has two key aims with next year’s budget, to maintain the state of medical preparedness in view of the novel coronavirus epidemic and to support economic growth as much as possible.

During an interview on Kossuth Rádió yesterday, Mihály Varga said the government’s economic support measures are essential, as in his opinion no substantial growth can be expected without them, as in the 2000s, when the Hungarian economy was almost stagnating despite the upward trend of the European economy at the time.

The minister noted that the 2021 budget approved on Friday envisages 4.8 percent growth while the general government deficit will be 3 percent again and the government debt will fall below 70 percent.

Minister Varga said the growth will make it possible to spend more on public safety, education and healthcare next year while the resources necessary for the coronavirus response efforts will also be available.

Finally, Minister Varga noted that the government remains committed to supporting families raising children as well as the elderly.

Photo credit: Magyar Nemzet