Will large companies finance the cap on utility bills in Hungary?

The government held a three-day away session in Sopron, in western Hungary, the prime minister’s press chief said on Saturday.

At the meeting headed by Prime Minister Viktor Orbán, the government adopted measures concerning the new “tax on extra profits” levied on large companies as well as the 2023 national draft budget, Bertalan Havasi said.

The government reviewed its most urgent tasks in connection with the protracted war in Ukraine and the threat of a global economic crisis, Havasi said.

“The goal is to protect families, pensioners, jobs, and the cap on household utility bills, while we will make large companies that have been accumulating huge profits recently contribute a large part of these to finance the cap of utility bills and protection funds,”

he said.

The government is committed to meeting this year’s 4.9 percent deficit target and the 3.5 percent target for 2023, he added.