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On Saturday, Viktor Orbán announced the measures of the latest economic protection action plan, which we evaluate in detail here.
Prior to the announcement, the Prime Minister spoke with the Association of Comarcal Cities (MJVSZ), where they agreed, among other measures, to reduce the business tax and the subsidies to be granted to local governments. Lajos Kósa was also present at the meeting, as honorary president of the MJVSZ, who spoke with the Hungarian Nation about what was said.
Lajos Kósa said that if there were no jobs and companies offered jobs at the end of the crisis, there would be no pay and there would be no recovery from the crisis. The best way to do this is to reduce taxes:
We do not take it away from the cities, we leave the money to the entrepreneurs and the people,
Lajos Kósa said.
There was more, like support for specific projects, compared to the current rules, the government would relax the strict rules on municipal financing, that is, bonds and loans, or the criterion that the input could be spent on operations. The plans include sliding and relaxing the laws, laws and regulations that govern local government burdens.
The cabinet is expected to decide the details in January, when the budget for the epidemic in most settlements has already been drawn up.
According to the Public Finance Law, the local government budget must be compiled before February 20, so such decisions can only be made in January, when we can already see what each local government is planning, Kósa said.
Cover Image: Akos Stiller / Bloomberg via Getty Images
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