Gyurcsany

Of late, Gyurcsany has paved way for a few reforms, which might help pull up the economy of the nation. The economy of the country was badly hit with the previous governments doubling the minimum wages, increasing public sector wages and pushing up nominal incomes by almost 30%. With Gyurcsany trying desperately to stabilise this critical economic situation, steps to be undertaken to undo the damage include: Plans to cut 8% of the present GDP in the next three years by increasing taxes, cut spending, bring health reforms, increase tuition fees, lower gas subsidies & low pensions.

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006