Former Prime Minister Viktor Orbán of Hungary has condemned the Tisza government’s proposed 2027 budget, arguing that its economic policies could undermine employment, place additional pressure on businesses, and weaken support for families. The Fidesz chairman also expressed concern over the future of the 14th-month pension, although he suggested that the government’s utility price cuts could survive the changes, Hungary Today reports.
Prime Minister Péter Magyar of Hungary presented the main priorities of the 2027 budget in a speech before the National Assembly’s agenda on Monday, 19 October.
He announced that the government would forward the draft to the Budget Council later this week before submitting it to parliament at the end of October. Following PM Magyar’s more than two-hour address, the government continued its public presentation of the budget on Tuesday, with the Prime Minister and Minister of Finance András Kármán holding a joint press conference.
Orbán, meanwhile, took to Facebook on Tuesday to denounce the proposed budget as a departure from Hungary’s work-based economic model.
‘The 2027 budget is a left-wing budget. It brings an end to the era of the work-based economy,’ he wrote. He also warned that the changes could spell the end of full employment and usher in a return to unemployment, while placing a substantial burden on businesses.
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The Former Prime Minister went on to raise concerns about the government’s plans for family assistance and homeownership. He singled out the 14th-month pension payments, which the Fidesz government announced in its final year in office, describing the benefit as a fitting reward for a lifetime of work. Orbán claimed that the Tisza government would withhold the next installment of the pension, while expressing some optimism about the future of utility price cuts, which he believes could remain in place.
‘Taken together, this is a misguided, left-wing economic policy. And as always, it will end badly. In the end, everyone will lose out,’ Orbán concluded.
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