The prime minister said banks, insurance companies, large distribution chains, energy and trading companies, telecommunications companies and airlines would be obliged to pay "a large part of their excess profits."Continue reading
The draft budget for next year submitted to the Budget Council sets a stricter deficit target of 3.5 percent of GDP and the public debt level of 73.8 percent, Mihály Varga, the finance minister, said on Friday.
Varga said in a comment posted on social media that the government’s aim was to create a crisis-proof economy.
The economy is expected to grow by 4.1 percent in 2023, he said.
The minister said the government is establishing a special protection fund as a bulwark against the effects of the war and the related European Union sanctions, as well as higher energy prices.
Featured photo by Tamás Kovács/MTI