Hungarian government to spend more despite budget constraints, using EU loophole
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Hungarian government to spend more despite budget constraints, using EU loophole
The government has decided to activate a national escape clause, allowing an increase in fiscal expenditures while remaining within European Union budget rules, the National Economy Ministry said on Thursday. By activating the clause, Hungary’s budget expenditures may rise, over thresholds set jointly with the EU, to a degree level with the increase in defence spending from a 2021 base, up to 1.5pc of GDP, the ministry said. As Hungary has raise…
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