Index - Economy - SAO Chairman: It is advisable to defer spending or condition it

Index – Economy – SAO Chairman: It is advisable to defer spending or condition it

The approval of the Hungarian recovery plan by the European Union may be delayed next year, but it is justified to start the investments included in it as soon as possible and pay the budget, the head and director of the State Audit Office (SAO) said in their article. At the same time, Laszlo Domucus and Gyula Pollai believe that a lower debt ratio, that is, “in order to safely comply with the rule of public debt, it would be appropriate to postpone or adjust other expenditures”, She said a file.

According to László Domokos, three types of measures can be particularly effective in times of economic crisis.

SAO directors are of the opinion that reserves should be created in the future budget to deal with risks arising from potential EU conflicts. According to them, this is important to reduce the debt-to-GDP ratio, which is a constitutional requirement.

It is believed that additional revenue, amounting to HUF 500 billion, could be generated in next year’s budget.

The head of the SAO explained that day in the Hungarian Nation: Everyone should find a decent life in Hungary, and people are so valuable that they shouldn’t be taxed at all because they work, so personal income tax can be as high as zero percent.

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