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The Hungarian economic model enables companies in the private sector to take an increased role in fulfilling large-scale international development goals, Foreign Minister Péter Szijjártó said. Szijjártó told a conference on sustainable development goals in New York, an accompanying event of the United Nations General Assembly session, that new challenges have developed on the level of the state and also in the private sector.
In line with the Hungarian model, financial stability and economic growth must work simultaneously, he said. This is why the Hungarian government has maintained taxes at the lowest level in European Union comparison and companies have the opportunity to carry out research, prepare new technologies and offer expert training, he added.
Dual training in Hungary enables companies in the private sector to get involved in education at the earliest state, he said. The 17 main goals include quality education, he added, noting that Hungary spent as much as nearly 60 million dollars on this last year. He also highlighted water management among the goals, adding that 20.5 million dollars was spent on this area from the central budget. Some 144 million dollars were spent on development goals which include global partnership, he said. Through these, Hungary has taken part in international efforts that aim to support among others African countries, he added.