(MTI) – Hungary ended a successful year with achievements meeting the promises made by the ruling Fidesz party in 2010, the party’s communications chief said on Monday.

Hungary exited the EU’s excessive deficit procedure after nine years, repaid a loan to the International Monetary Fund (IMF) and the country has been set on a sustainable growth path, Mate Kocsis said.

He said in 2010 the government had promised to help the economy, employment and families, and many of its achievements since surpassed those by Socialist governments. He mentioned the budget deficit kept below 3 percent of GDP for the third year, the reduction of public debt and economic growth picking up to 1.8 percent in the third quarter as examples.

Wage hikes, household utility cuts and an inflation rate at a 40-year-low all contribute to Hungary’s sustainable growth path, he said.

Photo: MTI- Attila Kovács

Source: http://hungarymatters.hu/

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