Brussels ‘could not thwart’ Hungarian economy, says minister
Brussels “could not thwart the Hungarian economy even if it wanted to”, Finance Minister Mihály Varga said in an interview published by news portal Origo on Monday.
Varga said that the European Union was “trying to turn a purely economic issue into a political one” adding that he hoped a “reasonable” solution could be found.
“We are constructive and cooperative, but I must point out that Brussels’s shameful attitude will have no bearing on the Hungarian economy’s situation,” Varga said.
Citing recent calculations, Varga said Hungary’s GDP growth could exceed 6 percent this year “even if not a single cent is received” from the EU until the end of the year, he said.
According to the latest figures, economic growth could be 5.3 percent next year, and
“the economy could make up for the losses suffered during the coronavirus pandemic in 18 months,” Varga said.
Concerning inflation, Varga said that the economy was being restarted across the world, with often limited supplies, which leads to a shortage of certain materials and goods, and that drives prices up.
Goods are not becoming more expensive “because of VAT or the government”, the minister said.
According to the finance ministry, inflation could be 4.2 percent this year and 3.6 percent in 2022.
Varga said that the government was mulling another pension hike for November, for the second time this year, with regard to a higher than expected inflation. He added that a pension bonus of a combined 50 billion forints would be paid to seniors before the end of the year, while one million families would be refunded the personal income tax they paid in 2021.
Concerning proposals to introduce a global minimum tax, Varga said that
“Hungary refuses to support any tax hikes, especially ones that would negatively impact the competitiveness of not only the country but the foreign companies here”.
He noted that a uniform corporate tax rate of 15 percent had been suggested while it was currently 9 percent in Hungary.
“We can only promote the Hungarian interest even if we must defy a proposal by the president of the United States,” he said.
Read alsoSkyrocketing prices in Hungary – will the trend remain?
Source: MTI
“Could exceed …”, “could make up …”, “could be …”. It’s not fact. If I had wings I “could” fly. I “could be” fluent in French had I bothered to learn it. Might as well be saying that!
To ElectionCampaign :
No you couldn’t – you haven’t got what it takes.
Hungary has a more stable economy thanks to this present government than under the Gyurcsány led comic opera.
The country was on the verge of bankruptcy.
WOW – Finance Minister – Mihily Varga, along the Party line you Toe .
Finance Minister – you are “playing with fire ” a Dangerous game of threat and tease with the European Union – that could be and is growing rapidly – a Perilous walk – for Hungary.
Political spin and Propaganda driven – your expectation of 6% GDP growth this year ?
This statement is “thrown out” into and amongst the citizens of Hungary – totally lacking sound economic explanation – and in fact is debatable highly in its Factuality.
Inflation in Hungary we continue to see – is on an up-ward trend – that Factually – we will see levels to near 6% – excessively higher than your stated 4.2 – as a stated expected zenith level.
Thwart – or ability to PREVENT – if you are of this opinion that The Economic Union hold no powers that prevent Hungary – receiving future funding – you are WRONG.
Your statement – your Opinion – that in FACT – as a country for the coming 12 months Hungary we can continue “business as Usual” – is Deplorable – without receiving any European Union funding.
The ‘rift” through the dye being set in Brussels last Thursday – the unanimous votes cast against Hungary – in the European Parliament – in its passing of the “ill fated” law on June 15th – enough is enough of Hungary – this on-going attitude of rejection and challenge – it has been Functioning under.
The game has changed Finance Minister – the clear message growing out of Brussels is that Hungary – play by our Rules and Law – or leave get out of The European Union.
The confidence you make statements of the economic position of Hungary – is that because your desk has (2) two Ledgers – one being the Factual Hungarian economic picture – the “other” the loans agreements and funding availability through the Credit line of China ?
Your arrogance somewhat – of the economic picture in Hungary – the “not of needs basics” and arrangement(s) – of The European Union – Financing – you “tease” and will and have wakened a sleeping tiger – not Chinese – that will make your words and opinions – Shameful and of Humiliation – lacking Candour.
WOW – Finance Minister – Mihily Varga, along the Party line you Toe .
Finance Minister – you are “playing with fire ” a Dangerous game of threat and tease with the European Union – that could be and is growing rapidly – a Perilous walk – for Hungary.
Political spin and Propaganda driven – your expectation of 6% GDP growth this year ?
This statement is “thrown out” into and amongst the citizens of Hungary – totally lacking sound economic explanation – and in fact is debatable highly in its Factuality.
Inflation in Hungary we continue to see – is on an up-ward trend – that Factually – we will see levels to near 6% – excessively higher than your stated 4.2 – as a stated expected zenith level.
Thwart – or ability to PREVENT – if you are of this opinion that The Economic Union hold no powers that prevent Hungary – receiving future funding – you are WRONG.
Your statement – your Opinion – that in FACT – as a country for the coming 12 months Hungary we can continue “business as Usual” – is Deplorable – without receiving any European Union funding.
The ‘rift” through the dye being cast and set – in Brussels last Thursday – the unanimous votes cast against Hungary – in the European Parliament – in the Government of Hungary under Prime Minister – Victor Orban – the Fidesz Party – its passing of the “ill fated” law on June 15th – the clear growing message, out of Brussels is – enough is enough of Hungary – this on-going attitude of aggression – rejection and challenge – it has continues to been Functioning and Directing – at the European Union.
The game has changed Finance Minister – the football boot is on the other foot – the opposition AGAINST numbers are GROWING.
The clear message – growing out of Brussels is that – Hungary – play by our Rules and Law – or Leave – get out of The European Union.
The confidence you make statements of the economic position in Hungary – is that because your desk has (2) two Ledgers – one being the Factual Hungarian economic picture – the “other” the loans agreements and funding availability through the Credit line of China ?
Your arrogance somewhat – the “we can stand alone” of the economic picture in Hungary – the “not of needs basics” and arrangement(s) – of The European Union – Financing – you “tease” continuing to FEED – that has wakened a sleeping tiger – not a Chinese one – that will make your words and opinions – Shameful and of Humiliation – lacking Candour.
NORBERT :
You are so full of it, it is coming out of your ears.
Can’t you see the absolute rubbish you are regurgitating ?
You must be an absolute pain no one listens to, so that is why you are boring all of us to tears at every opportunity.
Ah, so now we have a senile octogenarian playing the role of ‘Cassandra’.
Will this mad fool suffer a similar fate as the Trojan priestess ?
I don’t think FACTS really understood the concept …..