unemployment

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People need work not welfare checks to escape poverty

Jan 04, 2018 - Zoltán Kovács

When the Orbán Government entered office in 2010, the prime minister said that Hungary would offer employment over welfare checks. Critics quickly denounced it as inhumane. Seven years on, 741 thousand more Hungarians have jobs. Tens of thousands that suffered from long-term unemployment have rejoined the active labor force, reclaiming their dignity and self-respect, and it has helped many out of poverty.

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With unemployment at record lows, Hungary’s economy on Europe’s leader board

Sep 01, 2016 - Zoltán Kovács

Prime Minister Orbán’s economic program sets out a number of ambitious goals. It demands fiscal discipline to keep the budget deficit not only under the three-percent Maastricht threshold but low enough to reduce nominal state debt. It calls for GDP growth to increase from the current level between 2 and 3 percent to a more robust output above 3 percent and sets a longer term goal of five percent. And it aims to create jobs to bring the labor market to full employment.