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Dec 16, 2019

Hungarian government to launch new economy protection action plan

Mihály Varga, Minister of Finance, said the action plan will include further tax reductions and streamlining of administrative processes.

The Hungarian government will launch a new economy protection action plan sometime next February or March, it has been announced.

Mihály Varga, Minister of Finance, said the action plan will include further tax reductions and streamlining of administrative processes.

Minister Varga added that it is premature to talk of an economic recession in Europe, even if growth prospects are muted, however the mood is more confident in central Europe and Hungary.

The minister stated that next year economic growth in Hungary could realistically be around 4 percent which will be helped along by the government’s action plan.

Photo credit: Magyar Nemzet