Orbán pledges to boost wages and family support
Hungary Prime Minister Viktor Orbán has revealed a draft budget plan that includes raising wages and family subsidies in a bid to promote economic growth for the country. In a Facebook post on Sunday, Orbán announced that a peace-time budget has been prepared and will focus on achieving a 3-5 percent economic growth target for 2025.
Orbán emphasized the importance of maintaining financial balance while aiming for economic growth, stating that a budget must be able to produce the desired growth without compromising financial stability. He also highlighted the need for dynamic wage increases and mentioned ongoing discussions between employers and employees regarding next year’s wages.
The prime minister pledged to increase the value of family subsidies, citing the impact of inflation on their value since the onset of the Covid-19 pandemic. He also announced plans to double the tax credit available to families raising children by 2025.
In addition to wage increases and family subsidies, Orbán mentioned a programme to support small entrepreneurs, modeled after the Széchenyi Plan. The programme aims to match investments made by small and medium-sized businesses, with the government also contributing an equal amount.
Despite potential disagreements with the central bank governor, Orbán asserted that the government is moving towards a well-coordinated system for managing the country’s economy. He emphasized the importance of listening to various stakeholders and implementing a coordinated economic policy to ensure sustainable growth and development for Hungary.
