Hungary’s economic policies are “unblushingly optimistic” and “ambitious”, but there is no possibility of introducing a stimulus package in the near term since the Fidesz centre-right government is determined to pursue a “strict” fiscal policy, Gyorgy Matolcsy, the economy minister, told a conference on Friday.
The government is preparing for a new wave of external economic crisis, which could last until the end of 2012. It is then that he expects there to be a dynamic European expansion. At this point Hungary will determine an economic policy which takes the country towards its goal of reaching the average European development level by 2030, he said.
Matolcsy said he believed that the central bank should be using monetary policy to help stimulate the economy but the National Bank of Hungary had a different view.