Varga: Next year's budget ensures full resources to relaunch the economy

In 2022, all the resources necessary will be available to relaunch the economy, create jobs and boost investments, Mihaly Varga, the finance minister said after lawmakers approved next year's budget on Tuesday. He noted the government is providing additional support for families while phasing in the 13-month pension. Also, it is pressing ahead with further tax cuts by introducing tax exemptions for employees below the age of 25 while reducing taxes on labour, Varga said in a video message on social media. The minister stressed the importance of pursuing a policy that steadily reduces taxes rather than raising them.