The Hungarian Prime Minister Viktor Orban stated that, in the event that his party Fidesz wins the elections in April, no spending cuts will be necessary to reduce the budget deficit. Orban emphasized that the party's emblematic social and economic policies will continue, rejecting assessments from analysts suggesting that Hungary would require austerity measures. Hungary's economy is stagnating, affected by inflation caused by the Russian invasion of Ukraine, and Orban promised to maintain the subsidized interest rate on mortgage loans and continue the tax exemption for mothers with two children.
The government has also launched a support program for the restaurant industry, in an attempt to counter the rise of the conservative Tisza party. Analysts warn that regardless of the election winner, fiscal adjustments will be inevitable.
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