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PM proposes extending parliament's spring session

Prime Minister Gordon Bajnai proposed in a speech in parliament that the body extend its spring session so that it can adopt the legislation necessary to revitalize Hungary before the beginning of the summer break.

Speaking after the 14 ministers in his cabinet took their oaths of office, Bajnai remarked that the government's crisis-management program rests on four pillars - defensive measures aimed at preserving the structure of current economic life, establishing budgetary balance, restoring economic growth and rebuilding confidence.

The prime minister said that the objective of the crisis-management program is to address issues stemming from the global economic crisis and domestic economic problems, moderate the short-term impact of the crisis, establish the conditions for recovery and place Hungary back on the path toward economic growth.

Bajnai said that the program will require all segments of Hungarian society to make sacrifices, specifically pensioners, families, civil servants and government leaders.

“We must weep together now so that we may laugh together later,” the prime minister said.

Bajnai noted that the crisis-management program will reduce the tax contributions of those in the lowest income bracket, while those classified in the middle income-bracket, that is those earning around net HUF 122,000 (€414.65) per month, will pay HUF 10,000 less in taxes per month.

The prime minister commented that external confidence in Hungary had deteriorated over recent years as a result of the country's slowing economic growth and the global economic crisis, adding that external confidence means little “if we are unable to restore confidence in one another.”

Bajnai noted that Hungary spends more to finance the operations of the state than do the other countries that joined the European Union in 2004. (MTI – Econews)