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Varga: Hungary govt committed to tax cuts

February 7th, 2019

The Hungarian cabinet wants to remain "the government of tax cuts" and over the coming years wants to introduce the biggest cuts in administrative burdens related to taxation, the finance minister said on Thursday. Hungary's economic indicators have been positive for years now, and last year's growth rate may even exceed 4.6 percent, Mihaly Varga said at an event reviewing the activities of the National Tax and Customs Authority (NAV) over the past year. He said the 5.2 percent growth registered in Q3 was the third largest rate in the European Union, adding that certain analysts project growth to exceed expectations again this year.


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