Hungarian government: We will protect families, pensioners, jobs and utility bill cuts, and take away excess profits

The government held a three-day external meeting in Sopron, chaired by Prime Minister Viktor Orban, where the members of the cabinet adopted the measures for the windfall tax and the draft 2023 budget.

WORLD JUNE 5. 2022 10:43

A major topic of the cabinet meeting was the prolonged Russia-Ukraine war, which threatens with a new global economic crisis. The ministers, led by Viktor Orban, reviewed the most important and most urgent tasks in the war situation.

“The goal is to protect families, pensioners, jobs and the utility cost cuts, and by taxing excessive windfall profits, we will oblige large companies which have made huge profits in the past period to pay in a large part of those profits into a utility cost protection and a national defence fund, thereby contributing to the protection of the country.”

Bertalan Havasi, the prime minister’s press chief said stating the government’s position, adding that the Hungarian government was committed to maintaining the deficit targets of 4.9 per cent by 2022 and 3.5 per cent by 2023, while also keeping the utility bill reduction scheme in place.

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government, Hungary, prime minister, viktor orban