Economic growth serves not only debt reduction, but also the preservation of the country's economic sovereignty, said Zoltán Kiszelly, director of the Political Analysis Center of the Századvég Foundation, in an interview with Origo. According to Kiszelly, since gasoline is becoming more and more expensive in many European countries, Brussels cannot risk that they want to follow the Hungarian example in the West as well.
Zoltán Kiszelly told Origo that the draft of next year's budget shows a return to the successful economic policy that was in place during the first Orbán government and since 2010.
This is also why the Prime Minister fought in Brussels: if there is Russian energy, then there is economic growth, and thus people's well-being does not decrease to such an extent. The prerequisite for this is Russian energy.
According to the director, economic growth serves not only debt reduction, but also the preservation of the country's economic sovereignty.
The government's budget deficit target for next year is 3.6 - so that Hungary can eventually meet the 3 percent deficit target. This is also important so that Brussels cannot initiate an excessive deficit procedure, Zoltán Kiszelly added. The political analyst explained to Origó's question: the basis of Hungarian economic growth is that
Hungary has a balanced, disciplined budget policy, while most Western European countries take advantage of the fact that Brussels has suspended the convergence criteria and continue to cover their well-being with debt, while if these are modified, austerity will be necessary in those countries.
With the price cap, the government makes the price of basic foodstuffs and fuel available to Hungarian citizens. Among other things, the government is trying to slow down inflation with this, he explained to Origo.
The director of the Political Analysis Center of the Századvég Foundation stated in relation to the Russian energy embargo:
"It is a fact that Brussels wants to get rid of Russian energy once and for all. The majority of Hungarians want to return to the pre-Covid level, and the Brussels bureaucrats and globalists (like Frans Timmermans, who would introduce gasoline and diesel technology) to a third of the pre-Covid level."
If Hungary offers an alternative, according to which Russian energy remains, and then it is possible to provide gasoline at an affordable price, the people of Brussels must destroy this in order to eliminate this working solution, he added.
Zoltán Kiszelly also highlighted why it is not in Brussels' interest for as many countries as possible to follow Hungary's example:
Since gasoline is becoming more and more expensive in many European countries, they cannot risk that they want to follow the Hungarian example in the West, which is why Brussels must destroy it. The more expensive fuel becomes in the West, the more attractive the Hungarian alternative will be.
Regarding the importance of the overhead defense and national defense fund, the political analyst put it this way:
Energy inflation has been going on since last fall, and the reduction in utilities protects Hungarian households against it. Since the price of energy is increasing drastically due to these global reasons, the difference between the retail price and the world market price is increasing. This difference is financed by the government from the extra profit.
It is not the government that spends it, but this is how they can give the population cheaper energy. This is also why the overhead protection fund, which is financed from the extra profit, is important. We see a fair sharing of the burden, according to which the extra profitable sectors must also participate in the support of overhead costs
- stated Zoltán Kiszelly in his interview with Origo , which was watched by Magyar Nemzet.
Source and full article: Magyar Nemzet
Featured image: Szilvia Polgári
