Orbán’s cabinet plans to submit 2018 budget proposal in spring
Budapest, February 10 (MTI) – The Hungarian government wants to submit its 2018 budget proposal to parliament in the spring, just as last year and the preparatory work has already started, Economy Minister Mihály Varga said at a news conference on Friday.
Varga noted that the economic effects of wage raises the government agreed to last November are not yet included in the 2017 budget.
The minister said the preliminary budget surplus of 123.4 billion forints (EUR 400m) in January was at a 17-year high and that the financial resources needed for this year’s economic policy goals are available.
Lower taxes, a lighter financial burden on companies, subsidies for home building programmes and wage raises all affect the budget.
Because of a favourable interest environment, government debt financing this year should be cheaper and interest spending lower by tens of billions of forints compared with last year, Varga added.
Photo: MTI
Source: MTI
please make a donation here
Hot news
What happened today in Hungary? — 18 April, 2024
Probe launched into suspected foreign financing attempt in Hungary
VIDEO: What’s happening in Hungary? Food delivery rider on the motorway
ESG law strengthens the competitiveness of Hungarian businesses
SHOCKING: Hungary’s guest worker numbers exposed!
According to Minister Navracsics, this one policy will be priority of Hungarian presidency – UPDATED