The International Monetary Fund’s assessment of Hungary’s economic condition is too optimistic, an opposition Fidesz MP said on Monday.
“As a result of the Hungarian government’s absolute incompetence, the country’s situation continues to be serious,” said Laszlo Domokos in reaction to IMF’s decision to approve the extension of a loan agreement with Hungary.
Banks assisted with the IMF loan continue to refuse lending to Hungarian companies that employ two-thirds of the Hungarian public, Domokos said.
The junior opposition conservative MDF said the need for an IMF loan could have been avoided if Hungary had pursued more sensible economic policies. As a consequence of irresponsible policies in the past seven years, Hungary’s only option to avoid bankruptcy was to ask help from the IMF and the European Union, MDF said.
The junior opposition Christian Democrats said there were a great number of risks in the way of achieving this year’s and next year’s budget deficit targets. The party said it assessed the current situation much more pessimistically than the government did.