Finance Minister Varga: Opposition proposals would increase spending by 1.15 billion euros

Proposals submitted by the left-wing opposition for next year’s budget would increase spending by 4.6 trillion forints (1.15 billion euros) and require tax hikes worth 3.24 trillion forints. forints, the finance minister said on Facebook on Monday.

Mihály Varga said the opposition’s 436 proposals would involve changes roughly equal in value to the amount the government would allocate to family support, and cut funds to protect and defend public services.

The left-wing opposition would increase public charges by 3240 billion forints, with proposals including the introduction of a 200 billion forint “carbon tax”, as well as a corporate tax increase aimed at collecting 2360 additional billion forints, Varga said.

According to Varga, the opposition’s proposals aim to “eat up” the budgetary reserves, by spending 1,900 billion forints instead of the 1,260 billion forints initially reserved.

“Our goal is to preserve our achievements and maintain stability even in the midst of a wartime crisis,” Varga said, adding that passing the opposition proposals would lead to an increase in the deficit and debt. of State.

As we wrote earlier, utility price cuts and defense spending are the economic policy factors defining the 2023 budget, Finance Minister Varga told parliament, presenting the 2023 draft budget, details HERE.

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