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IMF talks mean no change in govt economic policy, says deputy PM

There will not be a turnaround in the government’s economic policy because of the start of new talks with the International Monetary Fund (IMF) on financial assistance for Hungary, Deputy Prime Minister Tibor Navracsics told Kossuth Radio in an interview on Tuesday.

Economic growth and job creation will remain at the centre of the government’s economic policy, just as before, Mr Navracsics said. If the talks with the IMF achieve their aim, they will serve the main goals of the cabinet’s economic policy, he added.

About 90% of cardinal legislation - that requiring a two-thirds majority in Parliament - has already been approved, but more is expected to be debated this year, he said. The session will be extended until Christmas for this purpose, he added.

Bills that must still be approved in the coming period include ones on matters involving public funding and regulations on the general government.

The cardinal legislation is required because of the New Constitution signed on Easter.