Prime Minister Viktor Orban on Tuesday said he would carry through with a workplace protection plan in spite of pressure and outlined the government’s new economic system, which proposes that 50pc of the country’s banking system be in Hungarian hands.
“I will complete this workplace protection plan because this is the kernel of our government’s philosophy,” Mr Orban said after talks with the heads of the Hungarian Chamber of Commerce and Industry (MKIK).
Hungarians must be convinced that it is of greater worth to work than not to work, and this can only be shown if there are really jobs and people can earn more than on welfare, he added.
Mr Orban said he expected much opposition against the plan because of the HUF 300bn it would leave businesses would be the envy of others. If the action plan works, the amount could reach HUF 350bn-500bn in the coming years, he added.
Mr Orban said his government was building a new economic system and economic players were now feeling it. The innovators are first received with surprise, then with incomprehension, then perhaps with interest, and if the innovations work, they are adopted, he added.
He said 50pc of the country’s banking system should be in Hungarian hands, outlining part of the government’s new economic model. Achieving such a goal would be unique in all of Central Europe, he added.
Among the elements of the new economic model, Mr Orban cited a tax system that supports work and families, the replacement of revenue from taxes on labour with taxes on consumption, a restructuring of systems that generate debt, the construction of a state pension system, the restructuring of the social welfare system and the roll of business chambers, a policy of reindustrialisation and a new agriculture system. He also named the conversion of public service companies into non-profits, a policy of openness to the East and a new system of using European Union funds after 2014, replacing the current model which is flawed.
Mr Orban said a commission would be established to set up the new system for the EU monies.