In spite of an economic policy built on tax cuts, continuously increasing tax revenues are resulting in the stability of the state budget, the Ministry of Finance writes in a statement.
The implementation of various economic and social policy objectives continues to be ensured, the statement shared on Kormany.hu writes, adding that with expected growth of well over 4 percent, the ESA deficit target of 2.4 percent of GDP can be achieved.
The government’s economic policy focusing on tax cuts and wage increases is proving its effectiveness within many fields. The number of people in employment continues to increase, as real wages are also steadily rising.
