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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.