PM seeks compromise on economic stimulus package
Hungarian Prime Minister Ferenc Gyurcsány called for a compromise on a broad-ranging economic stimulus package and said several other elements must be used to boost growth in addition to changes to the tax system.
A reduction in taxes and contributions is necessary, but this can neither compromise the state's ability to operate nor threaten the level of social security Hungarians enjoy, he said. The government will set aside reserves in the first year of the package as it does not expect a crackdown on the shadow economy to show bigger results than earlier at the start. (MTI – Econews)
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