Socialists Slam ‘Wasteful Spending’
- 6 Jun 2016 9:00 AM
The opposition Socialists savaged the ruling Fidesz party for what they insisted is an economic slowdown in Hungary coupled with the low financing of public services. “While companies linked to Prime Minister Viktor Orbán and his friends operate with 35-40% profits, developments in the public sector and investments in hospitals, schools and social institutions are being reduced at a similar rate,” party leader József Tóbiás said.
The government is only concerned about supporting people it favours, and the country’s deteriorating economic performance is a result of “Fidesz’s corrupt economic policy”, he added.
The ruling Fidesz party said in response that since it came to power in 2010, Hungary has “got back on its feet”.
The party said the unemployment rate has dropped below 6% from 12% over the course of the past six years, the fifth lowest rate in the EU. The private sector is continuously adding jobs and investor confidence in Hungary has also returned.
Republished with permission of Hungary Matters, MTI’s daily newsletter.
MTI photo: Bruzák Noémi
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