Hungary’s Economy On Long-Term Growth Path, Says Fidesz
- 29 Jan 2015 8:00 AM
The government has succeeded in putting the national economy on a growth path and is committed to maintaining this trend in 2015, the spokesman of ruling Fidesz’s parliamentary group said. Bence Tuzson said that a total 12,000 billion forints (EUR 38.5bn) in European Union funds would be available to Hungary in the next seven years, and those funds, together with the country’s performance, could ensure that the economy stays on a growth path and total employment is achieved by 2018.
Tuzson noted that Hungary’s growth last year was seen at around 3.1% , the highest ratio in the past eight years. He said that the public finance deficit for 2014 was seen between 2.5-2.9%, which necessitates that a strict fiscal policy is maintained to meet the deficit target.
He added that real wages had increased by 2-2.5%, a trend that the government wants to maintain through a wage hike programme.
Concerning employment, Tuzson said that while 3.8 million people had jobs in 2010, as many as 4.2 million people are currently employed.
Unemployment in Hungary had decreased at the fastest rate compared to other European Union members.
Source www.hungarymatters.hu
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