We are reviewing the operating principles of the Hungarian National Bank, the operations of private equity investment funds and the Budapest - Belgrade railway project. We are also analyzing the financial mechanism of the Paks-2 Nuclear Power Plant project and the sale of state assets" - Hungarian Prime Minister Peter Magyar said before Parliament. The speech was broadcast on the website of the Hungarian Parliament.
According to Mr. Magyar, the previous government of Prime Minister Viktor Orban left the state budget "in a very bad state", with a deficit that could approach 7% of GDP by the end of the year.
He emphasized that, according to the regulations of the European Union (EU), the budget deficit of member states must not exceed 3% of GDP.
The Hungarian Prime Minister said that this situation stems from the fact that previous governments had spent budget on controversial programs and funded large-scale, costly projects, but the effectiveness is still a question mark.
