Orbán: Avoiding Recession Among Gov't's Ambitious Goals

Government

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Prime Minister Viktor Orbán said avoiding a recession and putting the brakes on inflation are "ambitious goals" of the government in 2023 in an interview with Kossuth Rádió.

"The first ambitious goal is to reduce the rate of inflation to the single digits by year-end. I've told the central bank governor and the finance minister that is what the government expects of them. I think that's possible and we have a good chance to achieve [that goal]," Orbán said.

The other "important goal" is to avoid a recession, he added, noting that the 2023 budget assumes GDP growth.

We're not "hedgehogs," that curl up in a ball when under threat, but "active crisis managers," he said, pointing to measures supporting businesses and preserving jobs, and noting that the country's financial reserves now stand at record levels.

Addressing the subject of wage growth, Orbán said real wages would increase, calculating with 2022 and 2023 as a whole.

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