No growth without stability, chair of Fiscal Council says

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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.

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