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Finance Minister: Hungarian Govt successfully kept the country on growth path
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To keep Hungary on a growth path the government must launch its economic recovery and resilience programme in all parts of the country, Finance Minister Mihály Varga said on Friday.
As Hungary does not have time to wait for Brussels to approve its post-pandemic recovery plan, the government will use credit to finance its own HUF 2,500 billion forint (€ 7 billion) recovery programme, the minister said at the Jász-Expo and Festival in Jászapati, in central Hungary.
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Hungary can continue debating Brussels regarding the recovery plan, “but we are entitled to these funds, Varga said, adding that once the disputes had been settled and Hungary receives the money, it would be able to pay it back quicker.
The aim is to keep Hungary on a growth path and preserve the economic achievements of the past years, Varga said. “The crisis made it clear that the good governments are the ones that are the quickest to react, and that is what the Hungarian government did,” he said.