Hungary’s economy in big trouble?
Hungary’s economy “is in big trouble”, according to the opposition Socialists, who slammed the government’s “flawed” pensions policy.
Hungary’s economy in trouble
The budget is too strained for the payment of a pension premium, Lajos Korózs, the party’s deputy leader, told a press briefing on Friday, noting the government’s rule that the economy must grow by at least 3.5 percent before the extra pension payment could be made.
He also blamed “bad” economic and financial policies, including interest and exchange-rate policies, for the plight of pensions, saying that “even the finance minister has admitted that dedicated measures are needed to protect pensions”, and the Socialist politician called for a pension-protection fund.
Many retirees, he added, were living in poverty, while almost 400,000 were still having to maintain their job as they were unable to support themselves from their pension alone.
Korózs said pensions had been falling behind wages “drastically”, and the government was unwilling to close the gap, “even in the case of low pensions”.
Read also:
Victor Mihaly. Orban – current Prime Minister of Hungary – 14 years “In the Chair” – his “second coming” – his Minister of Finance of (8) eight years, a “Brother in Arms” – Mihaly Varga – both these individuals – WHERE put on Serious Notice post the outbreak of the Corona Virus – post February 2020, that RAVAGED Hungary, the change of direction, changes to Economic & Financial Policies, they JOINTLY signed off , the “new” path they sent Hungary OFF on, they we WARNED of its MASSIVE Dangers to the Economy, if situations, matters did occur, Russia’s War on the Ukraine, has as we know, serious matters – they would have cataclysmic gargantuan effects on Hungary.
Prior to February 2020, the Economic and Financial Policies and direction that Hungary had been under, was NEVER free of advice from those “learned” that Orban & Varga, had EXPOSED Hungary to High Risk factors that could SMASH Hungary, if matters of unforeseen circumstances in Hungary, in Europe and Globally – did occur.
Those of GREATER “Learned” brains – in Economic & Financial Management, inside Hungary and throughout Europe and Globally, informed, communicated, exposed exhibited to – Orban and his Finance Minister – Mihaly Varga, the “path” they had sent Hungary on, which FACTUALLY we this day, are living in it’s Nadir of destruction, the end un-know, it’s destruction, impact, effects – on Hungary, the citizens of Hungary, was ‘Fraught” with High, high – Risk DANGERS.
Victor Mihaly. Orban & Mahily Varga – have delivered us to a Financial & Economic positions, that nears being one PERILOUS.
Watch him, his Fidesz Government, the BIGGER the Hole of the Economy gets into, firstly he will “screw” citizens in taxes more, at the same time we will witness on-going the collapse of the entire infrastructure of Hungary.
Orban, his Fidesz Government have No Money.