According to András Kármán, Budget Policy Was Completely Disintegrated Under Orbán
5 Articles
5 Articles
The Minister of Finance spoke at the Economist Traveling Assembly about how the previous system favored those from whom performance should have been expected and made those who should have been helped compete. This will be put to an end, so trust in the country can be restored.
The reason for this was not a bad year. Now, based on the spending structure of the budget, we are sticking out of the regional pattern to the extreme, said András Kármán at 64. Economist at a traveling meeting.
Over the past five years, the previous government has systematically missed budget deficit targets, which endangers economic planability and creditor confidence, Finance Minister András Kármán warned in his Facebook video.
Until now, those who should have been required to perform were supported and those who should have been helped were challenged, but from now on it will be the other way around, the Minister of Finance promised.
Over the past five years, the budget deficit has consistently been higher than the previously set target, Finance Minister András Kármán pointed out. The biggest difference was in 2021, when the deficit reached 7.1 percent instead of the planned 2.9 percent. According to the Minister, the series of missed targets endanger both the plannability of the economy and creditor confidence.
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