Hungary Expects IMF Dispute on Budget, Orban Tells Vas Nepe

Hungary is facing a “big” debate with the International Monetary Fund on whether it can finance payroll-tax cuts to protect jobs, the newspaper Vas Nepe reported, citing Prime Minister Viktor Orban.

Orban wants to win the “struggle” with the IMF and economists who questioned whether the budget will be able to provide enough funding for the jobs plan, he said, according to Szombathely, Hungary-based Vas Nepe.

Hungary will only cooperate with multinational companies that create local jobs and use Hungarian suppliers and raw materials, not with those that “raze the market and destroy small Hungarian companies,” Orban said in the interview, Vas Nepe reported.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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