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Daily News Hungary Daily News Hungary · 26/05/2022
· Politics

Opposition parties criticised the government

Democratic Coalition Hungarian economy Hungary LMP Mi Hazánk/Our Homeland Socialists
Our Homeland

Photo: MTI/Koszticsák Szilárd

Parties of the opposition have criticised the government for its Wednesday decision to make certain large companies pay a part of their extra profits to a new public utility cut fund and a defence fund.

The Democratic Coalition said the government was seeking to make residents pay for its “ill-advised policies and reckless corruption”. In a statement, the party said it was “obvious” that energy and telecommunications companies, banks and airlines would raise revenues to pay a new tax through raising their prices.

“PM Orban’s new taxes will be paid by the Hungarian people,” it said.

Radical Mi Hazánk (Our Homeland) said the government had implemented Mi Hazánk’s earlier proposal, but “it will not impose a tax on its own oligarchs”. During the coronavirus pandemic, Mi Hazánk demanded a supertax to be levied on large international companies such as tech firms, large chains, pharmaceuticals and casinos. The government, however, has

“opted to indebt the next generations through amassing the state debt rather than levying a tax on multinationals”,

the party said. Pharmaceuticals and casinos “associated with the oligarchs of (ruling) Fidesz” have been left unaffected by the new measure, they said.

LMP said it supported that companies with extra profits should take a larger part of the public burden. It said, however, that a third fund should also have been established and financed by companies making profits on polluting and fossil fuels. This fund could be used to finance insulation projects and renewable energy developments, the party said.

  • Read also: Orbán announcement: govt to protect utility cuts, cut excess profits

Conservative Jobbik said in time of crisis “everybody should bear the public burden”. “The problem is that the government allowed an opportunity for banks to transfer the costs of a special banking tax and transaction duty to customers”, Jobbik’s deputy leader Dániel Z. Kárpát said on Facebook, adding that the new measures should not impose new burdens on families.

Fidesz “expects traders to pay a contribution but it will not reach into its own pockets by, for example, eliminating the VAT on basic food products,”

he added. Socialist Party co-leader Bertalan Tóth said on Facebook that “oligarchs” associated with the ruling parties should not be exempted from the new windfall taxes. According to the Socialists, the new taxes should also be used to reduce taxes on wages while the VAT on basic foods should be reduced to 5 percent and the poorest should be given food tickets.

Fuel station
Read alsoPetrol tourism is at its peak in Hungary!

Source: MTI

Democratic Coalition Hungarian economy Hungary LMP Mi Hazánk/Our Homeland Socialists
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1 Comment

  1. Concerned -Troubled : says:
    27/05/2022 at 08:22

    What is being witnessed in Hungary – the deepening style/direction of Government – that under Victor Orban – that is being “driven” to-wards, the OPPOSTION – who ever they are – NEED to exert the strongest opposition to-wards Fidesz/ the Government of the day – in an attempt to maintain a resemblance of the Core componentry relating to DEMOCRACY.
    Hungary – the microscope – in size within Europe & Globally – is witnessing – the “Style” of Government under Victor Orban – his created problems of destruction for Hungary within the European Union and the Economy of Hungary, in a trending STRONG downward motion.
    The retainement of any form of DEMOCRACY rather than being Ruled & Governed under a Dictatorship – that is rapidly and Factually occuring in Hungary – is the CHALLENGE – to be agreed or disagreed – by the PEOPLE of Hungary.

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