Mihály Varga: defending Hungary's security is the most important task
The Hungarian finance minister stressed that in the midst of international uncertainties, his primary focus is to protect Hungary’s security.
The Hungarian finance minister stressed that in the midst of international uncertainties, his primary focus is to protect Hungary’s security.
Mihály Varga said utility price cuts and defense spending are the factors of economic policy defining the 2023 budget.
Finance Minister Mihály Varga said that since 2017, Hungary has improved its position by 13 places.
The Hungarian government will resist the growing international pressure and reject the related directive.
In a post on Facebook, the finance minister said the government was protecting Hungary from an economic crisis caused by the war.
The bill would “protect the government’s achievements, ensure the security of Hungarian families and keep the economy on a growth path.”
The finance minister said Hungarian-German economic ties are stable and crisis-resistant.
The budget will have to be amended to maintain the deficit target, in view of the changes to the economic environment due to high inflation, rising energy prices and the war in Ukraine.
Universities operating under Hungary’s new higher education model based on private foundations can “adapt to new situations much faster” than universities in the traditional system.
Minister Varga said Hungarian companies with innovative technologies and products will find new opportunities in Morocco.
The finance minister said the EBRD was set up in 1991 to help central and eastern European economies recover after the collapse of Communist regimes in the region.
The next four years are expected to see high growth coupled with a gradual tapering in public debt and budget deficit levels.
Minister Varga said the transition to alternative energy sources was a long process requiring developments.