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Simor urges better incentives for growth

Better incentives have to be offered for economic growth within the framework of the tax system and government expenditures, National Bank of Hungary governor András Simor said at a conference in Brussels on Tuesday.

Support must be given to professional training and continuing education, as well as to better integration between multinationals and local suppliers, Simor said at the Brussels Economic Forum. Incentives that do not create a level playing field have to be ended, he added.

While spending is too low in some areas, such as health care, it is too high in other areas, such as the general government spending, Simor said. (MTI-ECONEWS)