Opposition LMP has branded a personal income tax rebate for low-earning parents proposed by the prime minister this week as a “campaign stunt”, saying that the government should have instead helped families and businesses over the past year and a half.
Hungary’s economy is poised for a successful relaunch, Viktor Orbán said in a radio interview on Friday.
The opposition Democratic Coalition will work swiftly to ensure a stable and strong Hungarian currency should it be elected in next year’s general election, Klára Dobrev, the party’s candidate for prime minister, said.
Hungary’s annual consumer price index was 5.1% higher in May and level with April’s figure, the Central Statistical Office (KSH) said.
Prime Minister Viktor Orbán, at a business conference, outlined measures that could support the recovery from the coronavirus crisis, including a tax rebate for lower income families, state-subsidised credit for SMEs and a higher minimum wage.
Hungarian unadjusted industrial output grew by an annual 58.8% in April from a low base, according to a first reading of Central Statistical Office (KSH) data released on Tuesday.
Hungary’s cash-flow budget deficit, excluding local councils, was 1,312.6 billion forints at the end of May, the Finance Ministry said. In May alone, the budget shortfall was 269 billion forints.
Parliament has passed into law the main figures of the government’s 2022 budget, together with amendments by parliament’s budget committee.
Opposition parties have submitted a total of 1,148 amendments to next year’s budget bill which would “upset balance” in the draft by 8,800 billion forints (EUR 25.4bn) in extra spending, Finance Minister Mihály Varga said on Monday.
Retail sales in Hungary rose by an annual 9.9% in April, climbing for the first time since last summer as pandemic restrictions were eased, data released by the Central Statistical Office (KSH) show.