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Hungary's economy is in better health than after the previous crisis and grew by 6.4% this year as opposed to a contraction of 6.6% the year after the 2008 crisis, Mihály Varga, the finance minister, said on Facebook.
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The Hungarian Banking Association said it does not support a temporary government freeze of mortgage loan interest rates.
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Hungary’s government debt stood at 39.85 trillion Ft. (US $122.1 billion) in October, the most recent month for which data is available, an increase of 3.16 trillion Ft. ($9.68 billion) since the beginning of the year and an increase of 20.88 trillion Ft. ($64.0 bilion) since the beginning of 2010, according to data from the Public Debt Management Center.
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The government will cut taxes by 1,500 billion forints (EUR 4.1bn) in 2022, a video posted on Wednesday on Finance Minister Mihály Varga’s Facebook page showed.
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The state debt ratio targeted for this year is achievable based on the data available by November so the debt rule stipulated by the constitution can also be met, the State Audit Office (ÁSZ) said in an analysis published on Wednesday.
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A left-wing columnist accuses the government of overspending ahead of the 2022 April election. A conservative economist, on the other hand, finds the government’s economic path sound and reasonable.
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