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Hungarian opposition parties promise public debt reduction without austerity
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Politicians of opposition Jobbik, Momentum and Párbeszéd told a joint press conference on Monday that they would reduce public debt from its current record high without introducing austerity measures if the opposition came to power at the spring election.
Jobbik deputy leader Anita Kőrösi Potocska said that
the public debt of 42,000 billion forints (EUR 117.2bn) exceeded 80 percent of GDP.
Inflation has increased to a level not seen in the past ten years, the trade balance is deteriorating and the forint had never been worth as little against the euro as currently, while the Orbán government is continually overspending, she added. She also said that “massive corruption” was also to blame for the high public debt.
Momentum deputy leader and economic policy expert Márton Ilyés said that
the government was financing wage increases and tax returns to the detriment of the budget deficit and public debt.
Typical Socialist BS! Joe Biden in the USA believes that an additional $5 trillion in spending will cost nothing. These are lies of politicians who are planning to redistribute and spend your money.
Empty promises from the left. No one rides for free. Not going to happen.