Since 2010, the government has been aware that full employment is the engine of economic growth and competitiveness, while living off benefits only leads to decline.
The government has decided to delay some investments, significantly increasing Hungary's financial reserves this year by a total of HUF 350 billion while reducing public debt.
While previous, Socialist governments were notorious for taking out large, irresponsible loans and driving up public debt, since taking office in 2010, PM Orbán’s cabinets have sent the IMF packing...
The author of this blog post is László György, Hungary's Minister of State for Economic Strategy and Regulation.
While international organizations, including IMF and EBRD, have recently upgraded their growth forecasts for the Hungarian economy, we are set on making sure that Hungarian families also enjoy the benefits of the economic reboot.
Prime Minister Orbán’s ground-breaking announcement comes amid bullish estimates of 12-14 percent GDP growth in Q2 this year.
Mihály Varga said the V4 countries are all on the same page when it comes to the question of how to reboot the economy, return to fiscal discipline and protect jobs.
Last year, the pandemic challenged countries, families, people and governments alike. In Hungary, we promised to create as many jobs as the epidemic destroys.
“If the Economy Protection Action Plan was our defense, then the Action Plan to Reboot the Economy is our offense against the economic crisis brought about by the coronavirus pandemic,” Prime Minister Viktor Orbán said today, summarizing the results of the former and introducing the government’s plans for the latter.
The agreement struck by unions, employers and government representatives contains a further hike from the middle of the year.
“Restrictions cannot be lifted until mass vaccination begins,” said Prime Minister Viktor Orbán this morning adding that a Hungarian vaccine factory will be built in Debrecen, which will reduce the country's vulnerability in the future.
8 January 2021