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PMO Head: 2020 Budget Vote Planned for July 12

MTI-Hungary Today 2019.05.16.

The government will submit next year’s draft budget to parliament on June 4 with a final vote on it expected on July 12, the head of the Prime Minister’s Office said on Thursday.

At his regular press briefing, Gergely Gulyás also said Hungary’s economic growth rate of 5.3 percent in the first quarter was the highest in the European Union. He said the figure proved that the slowdown in Germany’s economy did not automatically have a direct impact on the Hungarian economy.

Expansion of Mercedes Factory in Kecskemét Stopped Temporarily

He added, at the same time, that the government was aware of the threat posed by a slowdown in western European growth and it will come to a decision on implementing an economic protection action plan in two weeks’ time.

Referring to the government’s wage hike schemes, Gulyás said that “economic achievements depend on a disciplined, conservative budget policy”, adding that the government action may be limited by economic potential.

featured photo by Tamás Kovács/MTI