Finance Minister Kármán says ending overpriced contracts will spur growth in 2-3 years

At the Portfolio Budapest Economic Forum, Finance Minister Kármán András outlined the government's strategy to accelerate economic growth by breaking up market-distorting arrangements and renegotiating overpriced state contracts. He argued that while the reforms could cause short-term setbacks, such as delayed projects, they represent a necessary investment that will yield visible results in two to three years. According to Kármán, focusing on competitive sectors and improving efficiency will drive future expansion.

He also noted that critics advise the administration to ignore inherited issues and concentrate solely on building the economy, but he insists that addressing contract overpricing is essential for long-term competitiveness. The minister framed the policy shift as both a political decision and a structural prerequisite for sustained growth.