Finance Minister Mihály Varga said that putting the brakes on inflation was "the most important task of economic policy" at present, addressing a conference of economists in Eger on Thursday, according to a report by state news wire MTI.
The debate between the Finance Minister and the Hungarian National Bank Governor at the 61st Economists' Meeting included critical remarks from both sides.
Finance Minister Mihály Varga told an informal meeting of his European Union peers in Spain that the calculation of member states' accrual-based budget deficits ought to be adjusted to reflect spending on defense, he said in a post on Facebook on Saturday, according to a report by state news wire MTI.
Finance Minister Mihály Varga said the European Commission aimed to expand its legal scope of power to intervene in member states' fiscal policy and voiced Hungary's opposition to any proposals that would "undermine" national sovereignty and "excessively" expand the competence of the European Union's executive ahead of an informal meeting of his EU peers in Santiago de Compostela, Spain, on Friday, according to a report by state news wire MTI.
Finance Minister Mihály Varga said it was still "early" to start speaking about Hungary's eurozone accession at a talk with a central bank rate-setter at the Tranzit festival in Tihany on Saturday, state news wire MTI reports.