No growth without stability, chair of Fiscal Council says
Investment-to-GDP ratio is the lowest in the region in Hungary, and the lack of development will be reflected in budget revenues - Árpád Kovács, chair of the Fiscal Council (KT) said on a weekend lecture. He added that there is no growth without foreign capital, daily business newspaper Napi Gazdaság wrote.
"In my view, the Hungarian economic stability is not fiscal stability, but financial stability and real economy stability at the same time," said the president. "The economic stability means the short and long-term treatment of complex challenges. It is also to see that there is no possibility of any meaningful economic boost without stability. The Hungarian government therefore has to create the conditions for stability, emphasized the economist, who said that on of the KT's core objectives is to be an institution, which supports the cause of the Hungarian stability by its own means.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.