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FINANCE MINISTER: CHANGES TO EU FISCAL SURVEILLANCE SHOULD BETTER SUPPORT INVESTMENT

 

Hungary supports changes to the European Union’s framework for economic governance if they better stimulate investment, Finance Minister Mihály Varga said after a meeting with his EU peers in Brussels. The European Commission presented an assessment of the effectiveness of the current framework for economic and fiscal surveillance at the Ecofin meeting. Varga said that investments in infrastructure, human capital and structural reforms support long-term growth while also spurring private investment. “From the Hungarian side, we deem necessary a reduction in the number of and a simplification of EU fiscal rules. Furthermore, we agree that instead of sanctions, positive incentives can better support compliance with the rules,” he said.