NGM: an increase in retail sales confirms the spending of income

The increasing retail sales justify increasing household spendings – Simon Attila, Deputy Minister of State of the Ministry of National Economy (NGM) responsible for labor market told M1 news channel on Wednesday.

According to the Deputy Minister of State, the 7.5 percent increase in real wages, are due to several factors such as the reduction of the personal income tax from 16 to 15 percent, low inflation, and increased the minimum wage and a guaranteed minimum wage. (MTI)