Biggest danger to economy is hesitation, says Orbán
Laszlo Szirtesi / Shutterstock.com
Prime Minister Viktor Orbán said hesitation is the biggest danger to the economy in the course of the recovery, which is why government measures are directed at getting businesses and households to make investments now, speaking in a weekly interview broadcast on public radio on Friday, state news wire MTI reports.
Image by Laszlo Szirtesi / Shutterstock.com
"For us, the biggest economic danger is not a decline in consumption, although that is also a serious danger, rather the biggest danger is hesitation," Orbán told Kossuth Rádió.
"If businesses and families hesitate with purchases, investments, and efforts to make a home, then the economy comes to a halt," he said.
"We have to act against this wait-and-see attitude, we have to send a message that businesses shouldnʼt wait, they should go ahead and do. Thatʼs why weʼve given a lot of money...to more than 900 businesses so they can make investments. That means EUR 1bn...more investments...that have saved 150,000-155,000 jobs," he added.
Orbán said the recent decision to reintroduce the preferential 5% VAT rate on home construction, paired with existing home purchase subsidies for families with children, is "not just a good measure, but the next step in the logic of crisis management".
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
120,000 Guest Workers Employed in Hungary
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
