{"id":1039248,"date":"2018-07-29T03:44:34","date_gmt":"2018-07-29T07:44:34","guid":{"rendered":"https:\/\/www.bocskairadio.org\/?p=1039248"},"modified":"2018-07-29T03:44:34","modified_gmt":"2018-07-29T07:44:34","slug":"hungarys-new-budget-aims-for-stable-economic-growth","status":"publish","type":"post","link":"https:\/\/www.bocskairadio.org\/en\/hungarys-new-budget-aims-for-stable-economic-growth\/","title":{"rendered":"Hungary\u2019s New Budget Aims for Stable Economic Growth"},"content":{"rendered":"<div class=\"bodyNews\">\n<div class=\"leadNews\">\n<p><strong><span id=\"ctl00_ContentPlaceHolder1_ctrlNewsControl_lbLead\">Hungary\u2019s 2019 budget approved by parliament last Friday increases wages and will boost economic growth, the head of the Prime Minister\u2019s Office told a regular press briefing on Tuesday.<\/span><\/strong><span id=\"ctl00_ContentPlaceHolder1_ctrlNewsControl_lbBody\"><strong>\u00a0Stable economic growth is of key importance in ensuring Hungary\u2019s successful performance in the long term, Gergely Guly\u00e1s said.<\/strong><\/span><\/p>\n<p>The aim of the budget, which Gulyas called \u201ca budget of stable growth\u201d, is to contribute to the Visegrad Group\u2019s fast paced economic growth which is rising twice as fast as the EU average.<\/p>\n<\/div>\n<div>\u201cThe 2019 budget rests on solid foundations,\u201d he said, noting an unprecedented increase of budget reserves by 50 percent, to some 360 billion forints (EUR 110m), to accommodate \u201cinternational risks\u201d.<\/div>\n<div class=\"leadNews\">\n<p>The government will tap these reserves only if doing so does not upset the planned budget balance, he said. In terms of tax measures, he noted a reduction to the social contribution tax from 19.5 percent to 17.5 percent and an increase to the tax benefit for families raising two children. In the long run, Hungary\u2019s fiscal policy should remain balanced, stable, conservative and comply with the Maastricht criteria, he said.<\/p>\n<p><span id=\"ctl00_ContentPlaceHolder1_ctrlNewsControl_lbBody\">Guly\u00e1s\u00a0<\/span>said the government is yet to decide on wage hikes in the public service sector, adding that he \u201choped\u201d that the wages could be raised from January 1, 2019. Managers should be given more freedom in assigning individual wages to avoid the present practice of using \u201clegal loopholes\u201d to pay highly qualified workforce, he said.\u00a0The minister expressed condolences to the victims of wildfires in Greece, where at least 50 have been killed since Monday afternoon. The Hungarian government is looking into providing swift aid, he said.<\/p>\n<p>Regarding reports that the one-time ally of Prime Minister Viktor Orb\u00e1n , businessman Lajos Simicska, is to sell all his business holdings in the construction, farming, media and outdoor advertising and asset management sectors to Zsolt Nyerges, a long-time co-manager, Guly\u00e1s said that \u201che was unaware of Nyerges\u2019s plans\u201d but was enraged by \u201cthe state [commercial television] HirTv and Magyar Nemzet are in\u201d.<\/p>\n<\/div>\n<div><\/div>\n<div class=\"leadNews\"><span id=\"ctl00_ContentPlaceHolder1_ctrlNewsControl_lbBody\">Commenting on articles questioning programme choices of Gergely Prohle, the director of Budapest\u2019s Petofi Literary Museum, Guly\u00e1s said that Prohle was \u201can excellent director\u201d and that \u201cquality is the only measure of cultural expansion\u201d.<\/span><\/div>\n<\/div>\n<div class=\"leadNews\"><\/div>\n<div>Gergely Guly\u00e1s revealed new details regarding Orb\u00e1n\u2019s visit to Israel and the demonstrations against him. Having ridden in the same vehicle, Guly\u00e1s claims the PM was dissatisfied with the number of protesters organized by Amnesty International, allegedly saying, \u201cIt would have been respectable had they sent more than just seventeen people.\u201d<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"bodyNews\">\n<div class=\"leadNews\">\n<p><strong><span id=\"ctl00_ContentPlaceHolder1_ctrlNewsControl_lbLead\">Hungary\u2019s 2019 budget approved by parliament last Friday increases wages and will boost economic growth, the head of the Prime Minister\u2019s Office told a regular press briefing on Tuesday.<\/span><\/strong><span id=\"ctl00_ContentPlaceHolder1_ctrlNewsControl_lbBody\"><strong>\u00a0Stable economic growth is of key importance in ensuring Hungary\u2019s successful performance in the long term, Gergely Guly\u00e1s said.<\/strong><\/span><\/p>\n<p>The aim of the budget, which Gulyas called \u201ca budget of stable growth\u201d, is to contribute to the Visegrad Group\u2019s fast paced economic growth which is rising twice as fast as the EU average.<\/p>\n<\/div>\n<div>\u201cThe 2019 budget rests on solid foundations,\u201d he said, noting an unprecedented increase of budget reserves by 50 percent, to some 360 billion forints (EUR 110m), to accommodate \u201cinternational risks\u201d.<\/div>\n<div class=\"leadNews\">\n<p>The government will tap these reserves only if doing so does not upset the planned budget balance, he said. In terms of tax measures, he noted a reduction to the social contribution tax from 19.5 percent to 17.5 percent and an increase to the tax benefit for families raising two children. In the long run, Hungary\u2019s fiscal policy should remain balanced, stable, conservative and comply with the Maastricht criteria, he said.<\/p>\n<p><span id=\"ctl00_ContentPlaceHolder1_ctrlNewsControl_lbBody\">Guly\u00e1s\u00a0<\/span>said the government is yet to decide on wage hikes in the public service sector, adding that he \u201choped\u201d that the wages could be raised from January 1, 2019. Managers should be given more freedom in assigning individual wages to avoid the present practice of using \u201clegal loopholes\u201d to pay highly qualified workforce, he said.\u00a0The minister expressed condolences to the victims of wildfires in Greece, where at least 50 have been killed since Monday afternoon. The Hungarian government is looking into providing swift aid, he said.<\/p>\n<p>Regarding reports that the one-time ally of Prime Minister Viktor Orb\u00e1n , businessman Lajos Simicska, is to sell all his business holdings in the construction, farming, media and outdoor advertising and asset management sectors to Zsolt Nyerges, a long-time co-manager, Guly\u00e1s said that \u201che was unaware of Nyerges\u2019s plans\u201d but was enraged by \u201cthe state [commercial television] HirTv and Magyar Nemzet are in\u201d.<\/p>\n<\/div>\n<div><\/div>\n<div class=\"leadNews\"><span id=\"ctl00_ContentPlaceHolder1_ctrlNewsControl_lbBody\">Commenting on articles questioning programme choices of Gergely Prohle, the director of Budapest\u2019s Petofi Literary Museum, Guly\u00e1s said that Prohle was \u201can excellent director\u201d and that \u201cquality is the only measure of cultural expansion\u201d.<\/span><\/div>\n<\/div>\n<div class=\"leadNews\"><\/div>\n<div>Gergely Guly\u00e1s revealed new details regarding Orb\u00e1n\u2019s visit to Israel and the demonstrations against him. Having ridden in the same vehicle, Guly\u00e1s claims the PM was dissatisfied with the number of protesters organized by Amnesty International, allegedly saying, \u201cIt would have been respectable had they sent more than just seventeen people.\u201d<\/div>\n","protected":false},"author":2,"featured_media":1039249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":["post-1039248","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hungary\u2019s New Budget Aims for Stable Economic Growth &#8211; Bocskai R\u00e1di\u00f3<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bocskairadio.org\/en\/hungarys-new-budget-aims-for-stable-economic-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hungary\u2019s New Budget Aims for Stable Economic Growth &#8211; Bocskai R\u00e1di\u00f3\" \/>\n<meta property=\"og:description\" content=\"Hungary\u2019s 2019 budget approved by parliament last Friday increases wages and will boost economic growth, the head of the Prime Minister\u2019s Office told a regular press briefing on Tuesday.\u00a0Stable economic growth is of key importance in ensuring Hungary\u2019s successful performance in the long term, Gergely Guly\u00e1s said.  The aim of the budget, which Gulyas called \u201ca budget of stable growth\u201d, is to contribute to the Visegrad Group\u2019s fast paced economic growth which is rising twice as fast as the EU average.   \u201cThe 2019 budget rests on solid foundations,\u201d he said, noting an unprecedented increase of budget reserves by 50 percent, to some 360 billion forints (EUR 110m), to accommodate \u201cinternational risks\u201d.   The government will tap these reserves only if doing so does not upset the planned budget balance, he said. In terms of tax measures, he noted a reduction to the social contribution tax from 19.5 percent to 17.5 percent and an increase to the tax benefit for families raising two children. In the long run, Hungary\u2019s fiscal policy should remain balanced, stable, conservative and comply with the Maastricht criteria, he said.  Guly\u00e1s\u00a0said the government is yet to decide on wage hikes in the public service sector, adding that he \u201choped\u201d that the wages could be raised from January 1, 2019. Managers should be given more freedom in assigning individual wages to avoid the present practice of using \u201clegal loopholes\u201d to pay highly qualified workforce, he said.\u00a0The minister expressed condolences to the victims of wildfires in Greece, where at least 50 have been killed since Monday afternoon. The Hungarian government is looking into providing swift aid, he said.  Regarding reports that the one-time ally of Prime Minister Viktor Orb\u00e1n , businessman Lajos Simicska, is to sell all his business holdings in the construction, farming, media and outdoor advertising and asset management sectors to Zsolt Nyerges, a long-time co-manager, Guly\u00e1s said that \u201che was unaware of Nyerges\u2019s plans\u201d but was enraged by \u201cthe state [commercial television] HirTv and Magyar Nemzet are in\u201d.    Commenting on articles questioning programme choices of Gergely Prohle, the director of Budapest\u2019s Petofi Literary Museum, Guly\u00e1s said that Prohle was \u201can excellent director\u201d and that \u201cquality is the only measure of cultural expansion\u201d.   Gergely Guly\u00e1s revealed new details regarding Orb\u00e1n\u2019s visit to Israel and the demonstrations against him. Having ridden in the same vehicle, Guly\u00e1s claims the PM was dissatisfied with the number of protesters organized by Amnesty International, allegedly saying, \u201cIt would have been respectable had they sent more than just seventeen people.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bocskairadio.org\/en\/hungarys-new-budget-aims-for-stable-economic-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Bocskai R\u00e1di\u00f3\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BocskaiRadio\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-29T07:44:34+00:00\" \/>\n<meta name=\"author\" content=\"Bocskai R\u00e1di\u00f3\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.bocskairadio.org\/wp-content\/uploads\/2018\/07\/Guly\u00e1s-Gergely-6-HPGy-1000x600.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@BocskaiRadio\" \/>\n<meta name=\"twitter:site\" content=\"@BocskaiRadio\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bocskairadio.org\\\/en\\\/hungarys-new-budget-aims-for-stable-economic-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bocskairadio.org\\\/en\\\/hungarys-new-budget-aims-for-stable-economic-growth\\\/\"},\"author\":{\"name\":\"Bocskai R\u00e1di\u00f3\",\"@id\":\"https:\\\/\\\/www.bocskairadio.org\\\/en\\\/#\\\/schema\\\/person\\\/8bcb55a841d5aae0d74dd77c82785eeb\"},\"headline\":\"Hungary\u2019s New Budget Aims for Stable Economic Growth\",\"datePublished\":\"2018-07-29T07:44:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bocskairadio.org\\\/en\\\/hungarys-new-budget-aims-for-stable-economic-growth\\\/\"},\"wordCount\":434,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bocskairadio.org\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bocskairadio.org\\\/en\\\/hungarys-new-budget-aims-for-stable-economic-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bocskairadio.org\\\/wp-content\\\/uploads\\\/2018\\\/07\\\/Guly\u00e1s-Gergely-6-HPGy-1000x600.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bocskairadio.org\\\/en\\\/hungarys-new-budget-aims-for-stable-economic-growth\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bocskairadio.org\\\/en\\\/hungarys-new-budget-aims-for-stable-economic-growth\\\/\",\"url\":\"https:\\\/\\\/www.bocskairadio.org\\\/en\\\/hungarys-new-budget-aims-for-stable-economic-growth\\\/\",\"name\":\"Hungary\u2019s New Budget Aims for Stable Economic Growth &#8211; 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The aim of the budget, which Gulyas called \u201ca budget of stable growth\u201d, is to contribute to the Visegrad Group\u2019s fast paced economic growth which is rising twice as fast as the EU average.   \u201cThe 2019 budget rests on solid foundations,\u201d he said, noting an unprecedented increase of budget reserves by 50 percent, to some 360 billion forints (EUR 110m), to accommodate \u201cinternational risks\u201d.   The government will tap these reserves only if doing so does not upset the planned budget balance, he said. In terms of tax measures, he noted a reduction to the social contribution tax from 19.5 percent to 17.5 percent and an increase to the tax benefit for families raising two children. In the long run, Hungary\u2019s fiscal policy should remain balanced, stable, conservative and comply with the Maastricht criteria, he said.  Guly\u00e1s\u00a0said the government is yet to decide on wage hikes in the public service sector, adding that he \u201choped\u201d that the wages could be raised from January 1, 2019. Managers should be given more freedom in assigning individual wages to avoid the present practice of using \u201clegal loopholes\u201d to pay highly qualified workforce, he said.\u00a0The minister expressed condolences to the victims of wildfires in Greece, where at least 50 have been killed since Monday afternoon. The Hungarian government is looking into providing swift aid, he said.  Regarding reports that the one-time ally of Prime Minister Viktor Orb\u00e1n , businessman Lajos Simicska, is to sell all his business holdings in the construction, farming, media and outdoor advertising and asset management sectors to Zsolt Nyerges, a long-time co-manager, Guly\u00e1s said that \u201che was unaware of Nyerges\u2019s plans\u201d but was enraged by \u201cthe state [commercial television] HirTv and Magyar Nemzet are in\u201d.    Commenting on articles questioning programme choices of Gergely Prohle, the director of Budapest\u2019s Petofi Literary Museum, Guly\u00e1s said that Prohle was \u201can excellent director\u201d and that \u201cquality is the only measure of cultural expansion\u201d.   Gergely Guly\u00e1s revealed new details regarding Orb\u00e1n\u2019s visit to Israel and the demonstrations against him. 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