How realistically can the burden on wages be reduced?

burden on wages

Due to labor shortages, wages have fluctuated in some sectors, which companies are forced to follow. At the same time, it reduces their competitiveness. The government can help by reducing contributions, but this is a burden on the budget.

If the contributions are reduced, the single-digit PIT can only be realistically reached in 5-6 years, says Csaba László. According to the former finance minister, the government’s plan to achieve 3-5% economic growth in the short term is also excessive. Not least because the European growth outlook is not very encouraging.

In terms of investors, he believed that there is not really a new inflow of capital, rather it is developed by those who are already here.