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Press Roundup: Former National Bank President Predicts Restrictions after Election

Hungary Today 2022.01.08.

György Surányi, who served as President of the National Bank under a socialist-liberal government in the 1990s, sees monetary and fiscal restrictions as necessary. A pro-government economist dismisses the suggestion and accuses Surányi of serving foreign interests.

Hungarian press roundup by budapost.eu

In an interview with Radio Free Europe, former National Bank President György Surányi accuses the government of mindless spending and the National Bank of overstimulating the economy. Surányi thinks that the government wants to buy votes. As a result, the public debt as well as inflation will rise further, Surányi calculates. He goes on to predict that after the April parliamentary election, the government will realize that it will have to cut spending in order to contain inflation.

In Magyar Nemzet, Imre Boros surmises that György Surányi serves ‘foreign interests’. The pro-government economist claims that Surányi follows a ‘left-wing liberal globalist’ ideology and sees restrictive fiscal and monetary policy as the cornerstone of economic planning. Boros suspects that Surányi’s views reflect the ideas of the opposition parties, who would immediately introduce restrictions if elected.

Orbán Gov’t Promises Myriad of State Support, Massive Wage Hikes Ahead of 2022 Election
Orbán Gov’t Promises Myriad of State Support, Massive Wage Hikes Ahead of 2022 Election

The announcements include wage hikes in certain sectors, income-tax rebates for families, waiving income tax for workers under the age of 25, and certain home renovation grants.Continue reading

In the featured photo: Prime Minister Viktor Orbán. Photo by Vivien Cher Benko/PM’s Press Office