Varga expects GDP growth to exceed 3%

Analysis

Subject to the international environment, the Hungarian GDP growth rate could hover around 3%, while foreign exchange debt could be reduced to under 10% from the current 40% and the share of individual’s government bond holdings could be increased to 20% of the total debt, Minister of National Economy Mihály Varga said Saturday in a conference in Miskolc, napi.hu reported. 

The government intends to implement measures to sustain economic growth, which include reducing the country’s black economy by, for instance, extending the compulsory use of online cash tills to other services.

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