Finance Minister: Distribution of EU recovery funding “extremely cumbersome and slow”
Minister Varga said the European Commission’s assessment of the funding so far had been “unreasonably optimistic”.
Minister Varga said the European Commission’s assessment of the funding so far had been “unreasonably optimistic”.
Minister Varga said major resources are expected to be spent on energy-efficiency developments and businesses can participate in these as suppliers.
The finance minister said the government must adjust the budget in the interest of protecting families and the economy.
Minister Varga acknowledged that 2023 will be the “most dangerous year” for Hungary since the change of system, which will require “a reduction of risks and a buildup of reserves”.
Minister Varga said Kazakhstan “is an important strategic partner” in Central Asia and a key player in the development of Hungary’s eastern relations.
Minister Varga said the EC’s approach regarding the Erasmus program was “unfathomable”.
Minister Varga said on Facebook that offers for the bonds came to over 12 billion dollars, “showing investor confidence in the Hungarian economy remains strong”.
Public debt was 73.5% of GDP last year as against 76.8% in 2021.
Minister Varga added that EU recovery funds are also expected to underpin Hungary’s public financing.
The finance minister said Hungary's financing needs can be met next year and the budget is on a stable footing.
In a video published on Facebook, PM Orbán said he had signed a government decree on the pension hike.
The finance minister said the Tiszántúl Diocese of the Reformed Church has spent a total of 50 billion forints (EUR 121m) on church renovation projects over the past twelve years.
Minister Varga said the European Commission’s recent positive assessment of Hungary’s recovery plan “after a year and a half” was a “significant step forward”.