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György Surányi, who served as President of the National Bank under a socialist-liberal government in the 1990s, sees monetary and fiscal restrictions as necessary. A pro-government economist dismisses the suggestion and accuses Surányi of serving foreign interests.
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Some 835,000 applications for the personal income tax refund for families with children were received before the December 31 deadline, of which 81% were filed online and 132,000 were filed on paper, Finance Ministry state secretary András Tállai announced yesterday.
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A left-wing commentator describes welfare measures introduced barely three months before the next parliamentary elections as a desperate attempt by the government to increase its popularity. His right-wing counterpart believes those measures are proof of sound fundamentals.
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At the end of September, the gross consolidated debt of the Hungarian state was 42.106 trillion Ft. (US $130.1 billion), according to data published by the Magyar Nemzeti Bank (MNB) on the last day of 2021, making it the highest it has ever been in the country’s history.
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Hungary submitted a Partnership Agreement (PA) to the European Commission on Thursday, a pre-requisite of drawing on European Union funding in the 2021-2027 financial cycle, the Prime Minister’s Office said.
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Finance Minister Mihály Varga, said there is a high chance that Hungary’s public debt may be put back on a declining path.
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