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Holes in the EU budget are increasingly visible, Orbán government believes
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Wednesday’s session of the European Parliament “started out as a debate about the Hungarian presidency but turned into a nomination meeting,” Csaba Dömötör, an MEP of ruling Fidesz, told public radio on Sunday.
“The election is still a long way off, but the Brussels elite have already indicated that they want a different government in Hungary, one that aligns better with the liberal mainstream, one that is willing to support the war and does not insist on border protection,” Dömötör said.
He added that MEP Péter Magyar, president of the Tisza party, “showed his appreciation by applauding and denouncing his own country” in front of the plenary session of the European Parliament.
Dömötör said it was an important lesson from the debate that the Brussels elite was not willing to talk about the signs of the crisis in public, even though European competitiveness was weakening, the economy stagnating and the Schengen agreement “is collapsing before our eyes”, they did not want to discuss this because it would be revealed that their decisions had led here.
Speaking of holes in budgets …
https://economy-finance.ec.europa.eu/economic-surveillance-eu-economies/hungary/economic-forecast-hungary_en
TLDR: “The budget deficit rose to 6.7% of GDP in 2023, up from 6.2% in 2022. The large budget slippage can be attributed to the underperformance of revenue, reflecting weaker-than-expected economic performance, and to expenditure overruns, in particular on interest, pensions and public wages. In 2024, the deficit is forecast to decrease to 5.4% of GDP, ” PS – we are aiming at 3.5-3.6%.
For more intricate analyis, I can recommend this:
https://economy-finance.ec.europa.eu/document/download/efaf659e-7a26-4cbe-a427-dc82ea6b1a9d_en?filename=ip284_en.pdf
Then, let´s take a look at our 10 year bond rate, compared to everyone else´s, in Europe (as per our Politicians claim that Hungary is a Unicorn in a field of horses):
https://www.investing.com/rates-bonds/european-government-bonds?maturity_from=180&maturity_to=180
But sure – let´s point fingers?
The holes in Orban’s head are increasingly visible Hungarians believe.
The EU budget should be transparent. This article appeared on Euronews: Key MEP threatens to block EU’s trillion-euro budget if beneficiaries stay secret
@mariavontheresa – I could not agree more! Link to the article:
https://worldnewsera.com/news/europe/key-mep-threatens-to-block-eu-budget-without-more-transparency/
EPP MEP, by the way. Our Politicians will be so pleased with this improved oversight and insight into Hungary´s spending.