Hungary Reforms to Cut Labor Market, Drug Spending, HVG Says
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The Hungarian government’s planned reforms, to be announced in February, aim to cut spending at the state’s labor market and drug subsidy funds as well as the financing of public transportation companies, weekly magazine HVG reported, citing Economy Minister Gyorgy Matolcsy.
Structural reforms could reduce the labor market fund by as much as 120 billion forint ($583 million), the state drug fund could be cut by 100 billion forint and state spending on public transportation could be lowered by 50 billion forint, Matolcsy said in an interview published on HVG’s website. The government will overhaul the system of disability pensions as it seeks to halve the number of such pensions, the minister said.