This annual deficit is almost 210 billion forints less than last year, but more than double of the target in the amended central budget law.Continue reading
The joint opposition alliance has pledged to curb public debt, inflation and corruption if it comes to power after the April 3 election.
Addressing a joint press conference on Thursday, Jobbik vice-president Dániel Kárpát Z said “not only corruption is brutal”, public debt and its interests had also doubled since 2010.
Every single Hungarian spends 140,000 forints [EUR 396] a year on interests alone,”
“The government’s hapless economic policy, bad debt management and the brutal corruption rate are suffocating the national economy,” he said.
Jácint Horváth of the Democratic Coalition called for steps “regarding the fortunes obviously gained by corruption over the past 12 years.” Property that has been clearly acquired through corruption should be seized, he said.
Zoltán Vajda of the Socialists (MSZP) said the central bank’s “totally discredited monetary policy had cost it the market’s trust”. Inflation has skyrocketed, despite the bank’s efforts to fight it by raising interest, he said. Meanwhile, the central bank should finance its losses “from the monies it had outsourced to foundations”, he said.
In the featured photo: Jobbik MP Dániel Z Kárpát. Photo by Zoltán Balogh/MTI
