Hungarian minister of State for Taxation and Financial Affairs Gyula Pleschinger said that in order to stimulate growth, the Government aims to motivate capital investments.
The Minister of State at the Ministry for National Economy also explained that disinvestment in Hungary prompted no major concerns in the banking sector so far, as demand was low. Recently, however, the Government has turned its attention to growth, and thus this issue has to be also addressed, because it is the banking sector which could finance economic expansion, he added.
In addition, he mentioned that according to capital adequacy ratios the Hungarian banking sector has been robust, therefore foreign direct investment is rather expected to increase in productive economic sectors.
“The measures of the Government have laid the proper fundamentals to achieve this goal and we do hope to see changes this year”, he said. Among these measures, Gyula Pleschinger mentioned the flat rate personal income tax, lower corporate tax rate, establishing special entrepreneurial zones, the Job Protection Action Plan and other measures aimed at boosting labour supply. With regard to the future, he underlined among the measures the utilisation of EU resources for economic development and the export grants of EXIM Bank.
Press release
© Hungarian Government
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