Financial TimesFinancial Times

Viktor Orban boosts spending as Hungary’s elections loom

By Marton Dunai

09 Feb 2022 · 2 min read

Hungary’s conservative government is increasing a pre-election spending spree, paying out the country’s largest pension bonus on Wednesday and giving families big tax rebates later this month.

The measures are part of handouts and tax cuts worth more than €5bn that Hungary’s central bank and some economists have said could fuel inflation, prompt a short-term spike in consumption and hit the country’s external trade balance by sparking an influx of imports.

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