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LMP calls for reducing VAT on basic foods to 5 pc

The opposition LMP has re-submitted an amendment proposal to the budget bill to reduce VAT on basic food products to 5 percent, the party's deputy group leader said on Saturday.

Antal Csardi told a press conference that the price of basic foods had increased much faster than average inflation in recent years and decades.

“It is simply unacceptable that prices increase by double-digit ratios almost annually, while neither wages nor pensions can keep up with such an increase”, he added.

Csardi said it was unfair to apply the same 27 percent VAT to basic food products as to luxury goods.

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