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Gov‘t targeted savings on drug subsidies is "not realistic", says head of professional association

An annual HUF 120 billion in savings the government plans to make on drug subsidies is "not realistic", Tamás Szoják, chairman of the Innovative Drugmakers Association said at a press conference in front of the National Economy Ministry on Thursday.

The government's recently unveiled structural reform plan targets savings on state drug spending of HUF 120 billion in both 2013 and 2014.

Savings could come to HUF 40 billion-60 billion at most, and that includes the increase from 12% to 18% of a special tax on sales of subsidised drugs, Szoják said.

Drugmakers accept the special tax, but think it necessary for the six-percentage-point increase to be eliminated after 2014, he added.