Hungary's Central Bank Governor Critiques Orban's Economic Policy

The Governor of the National Bank of Hungary, György Matolcsy, has issued a sharp critique of Prime Minister Viktor Orban's economic policies. In a recent interview, Matolcsy emphasized that the current tax system and economic management methods are out of touch with the times and unable to address the country's existing financial challenges.

He expressed concern over rising inflation and a lack of investment, which negatively impacts economic stability in Hungary. According to him, there is a need to re-evaluate fiscal policies to create more favorable conditions for business and attract foreign investments.

The governor also pointed to issues with independently functioning institutions, noting that the vulnerability of the economic system results from the concentration of power in the hands of a few individuals. He called for the restoration of trust in financial institutions to ensure stable economic development.

In light of these comments, Matolcsy stated that to achieve sustainable economic growth in Hungary, the country must move towards more efficient resource utilization and the creation of a fair tax system. He recommended that the government consider reducing taxes to stimulate demand and improve living standards for the population.

The opinions voiced by the governor have sparked active discussions among economists and politicians alike. Some experts supported his viewpoint, emphasizing that changes in economic policy are essential for Hungary's future, while others defended the current government strategy.

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