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Kósa sees IMF as instrument for achieving govt goals

Banking

The International Monetary Fund (IMF) is a tool for reaching the government’s goals of reducing exchange rate exposure and achieving economic growth, increasing employment and raising real wages, Lajos Kosa, deputy head of governing Fidesz, said in an in interview on commercial television channel TV2 on Thursday.

Hungary said a week earlier it was initiating talks on financial assistance from the IMF and the European Union.

The IMF is sure to set conditions for Hungary, but the government will insist the family subsidy system be achieved through the personal income tax system, and it does not want the real value of pensions to fall. The crisis taxes remain necessary because taxpayers cannot pay for the consequences of the crisis all by themselves, he added.

The government will also stand firm at the talks with the IMF on the point of employment and supporting Hungarian SMEs, Mr Kosa said.

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