Márton Gyöngyösi: National Bank's 330-point plan is naive

After the Hungarian central bank’s 330-point competitiveness programme was released on the government’s website, Jobbik’s parliamentary faction leader Márton Gyöngyösi submitted a written question to Prime Minister Viktor Orbán. According to the bank’s proposal, Hungary’s economic development may reach that of Austria by 2030.

Mr Gyöngyösi stated that Hungary’s typical low ranking in the so-called global competitiveness lists clearly showed how Mr Orbán’s consecutive governments actually performed in economic matters. Despite the positive macro-economic indicators, Hungary’s competitiveness has not improved in recent years: the only reason why our country had a higher ranking in the World Economic Forum’s fall report was because the organization changed its research methodology. Apart from Croatia, Hungary is outranked by all the V4 and/or close regional countries in this regard.

Jobbik’s MP believes this 330-point package is shockingly optimistic as it ignores the possibility of such future economic difficulties as a potential international financial crisis, for example. The central bank’s calculations are based on the sustainability of the growth rate experienced so far; in other words, the plan fails to consider another potential international financial crisis or a cut in resources if the EU funds run out. “Interestingly enough, President of the Hungarian Chamber of Commerce and Industry László Parragh said it was a surreal assumption that Hungary could catch up with Austria in terms of living standards in 11 years,” Mr Gyöngyösi pointed out.

Adding that the plan’s eco-political forecasts were based on an overly optimistic scenario, the MP also criticized the programme for ignoring such factors as economic cycles, the deceleration of the European economy, a potential new crisis, running out of EU funds and the medium-term challenges arising from Hungary’s economic structure and human resource reproduction. Mr Gyöngyösi noted that the competitiveness programme had particularly shaky professional foundations; for example, it completely failed to offer a comprehensive model for healthcare and education. The plan also has serious feasibility problems, mainly due to the set time frame, he added.

Jobbik’s faction leader concluded his written inquiry by asking if the government was planning to review the programme based on the special policies and coordinate the measures to be applied in the particular professional areas.

 

Alfahír.hu - Jobbik.com