The pig strategy would double the pig stocks in seven years
The pig strategy adopted in the summer would double the number of pigs in seven years, which is less than 3 million at the moment. For the implementation mainly private and EU funds would be involved.
If the plan would be implemented, it would increase the pig sector’s gross output by approximately 180 billion HUF, while the gross production value of the food sector would increase with 225 to 250 billion HUF, and it would increase the GDP by 0.5 percent as well. Thus, 45 billion more VAT would flow into the budget, and 18 thousand new jobs would be created with an additional 6 to 7.5 billion HUF income tax surplus. (Braunmüller Lajos, Világgazdaság Online)
Related news
Related news
GKI Analysis: Without EU funds, the domestic economy would just flounder
On May 1, Hungary marks the 21st anniversary of joining…
Read more >NGM: we always take action against unjustified price increases, inflation may decrease further in the coming months
The government is successfully fighting price increases. In April, inflation…
Read more >April inflation was higher than expected
In April, annual inflation was 4.2 percent, and prices rose…
Read more >