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Science only lasted as long as the government was involved in cheap money

Science only lasted as long as the government was involved in cheap money

Although it is a basic principle not only of the economy, but also of common sense, that the government should save when the seat is on and the revenue comes in, in order to hold out the worst of times, the Hungarian government scattered the money as if there was no tomorrow. Because we’re way ahead of Europe at the bend, right? Well, that ended up smearing ourselves against the wall.

Many of my acquaintances work in banks, and they said: Although only in July, already this year more home loans have failed or are on the verge of collapse in a practically unspent state than last year in aggregate. However, many people still have something left of their February tax evasion (most of the country is probably spending the money they received on vacation now),

Where the abandoned upper battle, the social impact of KATA has become impossible, tens of thousands of school start burdens. No one knows what fall will bring, one thing that is certain is that many people will have a tougher time.


The government does not appear to be interested in this at the moment. On Tuesday, it was possible to pass the budget in Parliament, which is not at all in line with reality. Accordingly, inflation will be 8.9 percent this year and only 5.9 percent next year, while economic growth will be 4.7 percent in 2022 and 4.1 percent in 2023 – no one believes that this is credible, and the deterioration of money according to many Of analysts, it could reach 14 percent this year.

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In addition, the budget prepared at the beginning of June did not include any changes related to KATA or the reduction of utilities, but the government was too lazy to somehow put these figures in place. Of course, representatives of Fides have long killed their partisan self-consciousness, voting without a word for everything before them. After all, this year was just a piece of paper the moment he was born: A people talk It has been calculated that it has only been changed 36 times so far.

Of course, the current haste shows how much the government owes the international economy in recent years, to the fact that the world has been suffering from cheap loans, and there was no need to be careful. They weren’t even careful. Although it is a basic principle not only of economics, but also of common sense, that the government should save money when it competes for office, and when the revenue comes, in order to keep the worst of times, the Hungarian government scattered the money as if there was no tomorrow. Because we’re way ahead of Europe at the bend, right? Well, that ended up smearing ourselves against the wall.

And discounts are coming. Much of it, of course, is cynically outsourced by the government to local governments. Although pro-government mayors say the sector is already underfunded, the government’s response is simply shrugging. A 20 percent increase in fees for local transportation and children’s meals forms part of the same austerity package.

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Only for this reason, they will not blame Viktor Orban, but the mayor. Banks will be blamed for increasing transaction fees. Which: Where are the consumer protection investigations that promised the sword? However, the finance minister’s knowledge and crisis management skills must emerge now, when millions need him in times of trouble.

In hindsight, let’s face it: Fidesz’s economic policy has so far been very simple, and undoubtedly full of creative elements. To raise the value-added tax to 27 percent in order to increase revenue: You didn’t need a PhD in economics for that. Introducing online cash registers or electronic payment of fees, was really smart stuff.


Foreign Currency Lending Discount: Stamped. (Of course, the flip side of this is that the government is constantly watching evictions: it’s a shame.) In parallel, deliberately playing the weak forint as a competitive factor: cynical, but so far effective, must be accepted.

But all this has worked so far, now we need the specific “gogyi” that Viktor Urban likes to mention very much, but somehow does not want to stand out in the corner. Only the handbrake and the steering wheel, while still sarcastically referring to Brussels and George Soros.

This article immediately Delivered.

(Cover photo: Victor Urban at Tosphanius; Viktor Urban’s official Facebook page)

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