Based on the European Commission's latest evaluation, Hungary may be at the forefront of the EU economic growth ranking this year. A growth of 2.4 percent is predicted for the Hungarian economy, which is significantly higher than the EU average of 1.3 percent, Minister of Finance Mihály Varga said in a statement to MTI in Brussels on Tuesday.
Mihály Varga attended a meeting of EU finance and economy ministers in the Belgian capital. Outlining the Council's agenda, he said that Member States are emphasizing competitiveness and striving to put Europe on a growth path.
According to the Minister of Finance, it is good news that the latest economic forecast of the European Commission predicted a 2.4 percent growth of the Hungarian economy by 2024. Still, he added that the Hungarian government expects a higher growth, 3.6 percent. "We are very confident that all of this will go hand in hand with improving competitiveness," he emphasized.
Regarding the financing of 50 billion euros for Ukraine over four years, the Minister of Finance said the Hungarian position is that the instrument should be evaluated annually, in the framework of which the EU Commission assesses the demand for funds and their utilization, leading to decisions on the following year's disbursement.
"We ended the meeting with the hope that at the EU summit on February 1, the Hungarian proposals would also be considered when a final decision is made on the instrument. We must strive for the European Union to develop a solution acceptable to all Member States, just like it did so far." - said Mihály Varga.
Source: MTI-Hungarian News Agency
