- 17 Jul 2017 8:10 AM
The government does not believe in solving the labour shortage by importing migrant workers. Its aim is to return the 300,000-600,000 inactive citizens to the primary labour market, he said.
The minister said that Hungary currently had 60,000 vacant positions, but added that “we still have reserves” to fill them. He said that the government would provide incentives to the inactive workforce to return to the labour market, promote part-time labour and employment of the elderly and women.
Concerning the public debt, Varga said that in 2017 the budget would spend 800 billion forints (EUR 2.6bn) on debt servicing, but noted that the total debt was on a downward path.
He said that while in 2010 as much as 50 percent of the public debt was financed from foreign sources, now that ratio has been pushed below 25 percent, the larger part of the annual debt service financed from domestic deposits.
Republished with permission of Hungary Matters, MTI’s daily newsletter.
MTI photo: Máthé Zoltán