The effectiveness of the Hungarian government's economic policy is indicated by the fact that last year's economic growth of 7.1 percent far exceeded the EU average of 5.3 percent, said Századvég's leading economist on Saturday morning on the current channel M1.
István Lóránt Szakáli, the favorable data is also due to the fact that the Hungarian economy was strong even before the crisis caused by the coronavirus epidemic. "Therefore, it had the strength to respond to the challenges posed by the crisis, and it seems that the economic policy, which primarily focused on stimulating investments and, at the same time, maintaining jobs and creating new jobs, achieved its results," said the expert. .
He added that Hungary is one of the few EU countries that "were able to outgrow" the downturn caused by the crisis in the first half of 2021.
The program also mentioned that the government spent 570 billion forints on the Large Enterprise Investment Program in the last 7 years, in addition to supporting small and medium-sized enterprises; HUF 350 billion is available to SMEs in the first half of the year alone.
"It can be said that every company category receives some form of support, and this is particularly important in a period like this," stressed István Lóránt Szakáli, noting that the Hungarian investment rate was the second highest in the EU last year.
Source: Illustration Source: MTI/Zoltán Balogh
He also talked about the rising interest rates on new residential government securities, and explained that the government wants to ensure that people's willingness to buy government securities continues to grow.
He added that government securities are currently a safe form of investment and promise higher returns than, for example, bank deposits.
Source: origo.hu
Featured Image: MH
