Economy can grow by 4 percent for this year and for the next

The Hungarian economy will expand by 4 percent this year and for next year – Kovács Árpád, Chairman of the Budgetary Council (KT) said at the conference of the Piac & Profit business magazine on Thursday in Budapest.

He emphasized that, in parallel with the growth rate that is above the European Union average, the government debt-to-GDP ratio will continue to decline and the general government deficit will remain below 3 percent in 2017 and 2018, according to the EU requirements. (MTI)