Growth must not involve further increase in state debt, says Hungary PM

It would be "life-threatening" for Hungary if economic growth was induced at the cost of increasing debt, Prime Minister Viktor Orban told public radio MR1-Kossuth on Friday morning. "In the current situation we must answer no to a question if economic growth could entail a higher deficit," Orban said in the radio interview. The prime minister said that if Hungary's national debt were as low as that of Bulgaria (standing at 16 percent of GDP) or even Poland (55 percent), further resources to boost the economy could be considered even if they increased the state debt by 5-10 percent.