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Next gov't to submit plan on tax system, bureaucracy and local councils

Hungary's next government will submit a plan to parliament on changes to the tax system, cutbacks in the bureaucracy and a new cooperation with local councils as its first step, Viktor Orbán, the head of Fidesz, which won a two-thirds majority in the second round of general elections on Sunday, said at a press conference on Monday.

Before the new government can take these steps, it must review the budget to find out the true financial state of the country, Orbán said.

Tax breaks for families will be introduced from January of next year at the earlier, he said. An ideal tax system cannot be set up in the middle of the calendar year, he added.

Speaking about the general government deficit, Orbán said the next government did not want to raise the deficit, but reduce it. He added that he believed the next government could reach an agreement with the IMF on the content of a package of measures to be implemented during the year. (MTI-Econews)