Hungary to give subsidized loans to firms, raise budget gap to 2.7%/GDP - PM Orban
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BUDAPEST (Reuters) - Hungary will raise this year's budget deficit to 2.7% of economic output from 1% to help finance an economic stimulus package including massive subsidized loans to Hungarian companies, Prime Minister Viktor Orban said on Monday.Orban said the package, which would amount to 18%-20% of GDP including the central bank's programmes, will help jump-start the economy, which has taken a major hit from the novel coronavirus pandemic.He said subsidized loans to Hungarian firms would..