Govt looks for tools, resources to boost economic growth
The results of government measures taken thus far are clear, but these will not be enough to protect the financial balance; thus the government must find the tools and resources to keep economic growth over 2%, National Economy Minister György Matolcsy told Parliament's Economy and IT Committee on Monday.
The government is looking for ways to boost the resources available to support investments by domestic SMEs as well as to draw more foreign capital -- especially from China and east Asia -- to Hungary, Matolcsy said. The potential for increased consumption must also be raised, which is why the government is making the flat-rate personal income tax system permanent and assisting the some million Hungarians with foreign currency-denominated loans, he added.
"The home protection action plan was a step ahead, but that's not all, we have to continue," he said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.