Hungary’s economy could slide into decline within half a year – Nyugati Fény
According to the economist, the modification of the kata will be corrected shortly.
The utility reduction should not have been abolished in this way, and the amendment to the KATA Act will surely be corrected by the government soon, he said Csaba László to HVG.
“Although the Hungarian GDP increased in the first half of the year, there are several signs that our economy may slip into recession”
– said Csaba László in his interview in this week’s edition of the paper.
The former finance minister sees
- in addition to government austerity
- the surge in energy prices,
- and due to the fear of inflation, households and companies can also start saving,
- and soon the base effect of the weaker period due to Covid will disappear from the statistics.
“It has been obvious for years that overhead reduction cannot be sustained in this
this is also not forgotten by the fact that in the coming months they will be spotted with a lot of people”
he said.
As he said, he would consider the best solution to be for everyone to pay the market price for energy, but for the needy 20-40 percent of the population to receive subsidies.
Extraprofit classified it as a “communist” idea, as he said, he was not surprised, since the government had already used such ideas, but it was not called that, but a special tax.
He considered the rewriting of the KATA Act necessary, but in his opinion it is full of absurdities and meaningless in this form. As he said, he was sure
the modification of the kata should be corrected shortly.
The full interview will be published in the Thursday issue of the newspaper.
(hvg.hu)