National Bank of Hungary (MNB) governor György Matolcsy outlined twelve reforms he said would be necessary to preserve and increase Hungaryʼs success in the coming decade in an op-ed piece published on the website Novekedes.hu, state news wire MTI reports.
"To mitigate and even to shape the dramatic turnarounds of our decade, we must implement reforms and turnarounds of a similar scale. If we donʼt pivot, the world will turn with us, but not in a direction favorable to us," Matolcsy said in the piece, urging the reforms he recommended to be brought forward.
He said "lessons from history" teach that a "full demographic turnaround, with at least 110,000 births a year", "a lifestyle turnaround, exemplifying a healthy and active lifestyle", and a "complete turnaround of the healthcare system" will be necessary by 2030.
He also put a "sustainable pension system", a "competitive education system with universities among the top 100", a "new financial system produced from the marriage of money and technology", "world-class transport infrastructure", a "healthy farm sector and safe food industry", "capital- and technology-intensive industry", "advanced and creative industry", a "varied and dynamic service sector" and "competitive and efficient state institutions that set an example" among the goals Hungary should aim to achieve.