According to his popular word Matolcsy, more restarts are needed

The Orbans, of course, also have an explanation for the Congolese emptiness, they cover up with the resources needed for epidemic and economic control measures.

As a result of the measures taken so far and the epidemiological expenditures, the so-called central subsystem of public finances calculated without local governments closed the first two months of the year with a deficit of HUF 539.7 billion, the Ministry of Finance (PM) said on Monday. In the first two months of the year, the central budget recorded a deficit of HUF 505.5 billion, the social security funds a deficit of HUF 47.6 billion, and the segregated state funds recorded a surplus of HUF 13.4 billion.

In the same period of the previous year, the deficit of the central subsystem amounted to HUF 254.6 billion.
The PM’s statement emphasizes that the resources for epidemiological and economic protection were fully provided by the budget last year, which is also the reason why the Hungarian economy performed above the EU average in 2020. As with defense, the resources needed to procure vaccines and restart the economy will continue to be available in the budget, he said. Meanwhile, it also turned out that the government is not expecting a miracle in terms of economic data. As previously reported, the Orbans expect a GDP decline of about seven percent for the first quarter of this year compared to the same period last year. According to several independent sources of Népszava, Mihály Varga spoke about this behind closed doors at the usual meeting of the Ambassadors of the Ministry of Foreign Affairs at the end of February.
According to the Minister of Finance, the shutdown of the service sector and the weakening of the Hungarian sectors exposed to international supply chains are mainly causing the negative data, and of course the fact that Hungarian GDP was still 2.2 percent higher in the first three months of 2020, ie relatively high. the production.

According to our sources, the Minister of Finance also spoke about expecting 4-6 percent GDP growth on an annual basis, with a stronger start to growth from the end of spring and the beginning of summer. All of this, of course, still reflects the state and expectations ahead of the closures announced on Thursday.

Source: Népszava by

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