Ministry of Finance
News
Net wages have increased by more than 84 per cent since 2010
Ministry of Finance, July 30, 2019 1:03 PM
In Hungary since 2010, net wages have increased spectacularly, by more than 84 per cent, family tax benefits included. As a result, parallel with employment, wages, too, are rising meaningfully in our country which improves the financial situation of Hungarian families.
Employment rate at 70 percent
Ministry of Finance, July 29, 2019 6:46 PM
The rate of employment in Hungary has reached 70 percent, while the unemployment rate has not been as low since the 1989 regime change. The 3.3 percent rate of unemployment means Hungary has the 4th most favourable rate of unemployment in the European Union (in a tie with Malta).
500 billion forints in tax cuts to be realised over the next 18 months
Ministry of Finance, July 29, 2019 6:45 PM
“500 billion forints (EUR 1.53 billion) in tax cuts will be realised over the next one and a half years, which will make the lives of entrepreneurs and private individuals significantly easier”, State Secretary for Tax Affairs Norbert Izer from the Ministry of Finance said at a press conference in Budapest on Monday.
New Hungarian brands must be built
Ministry of Finance, July 26, 2019 11:34 AM
On Thursday at a roundtable discussion held on the topic of competitiveness in Tusnádfürdő, Finance Minister Mihály Varga urged the building of new Hungarian brands.
Two further points of economy protection action plan have taken effect
Ministry of Finance, July 24, 2019 11:11 AM
As part of the economy protection action plan announced in May, two measures took effect on Wednesday. With the cancellation of the obligation of tax advance replenishment, the administration of businesses will become even simpler, while with the extension of the development tax benefit more projects could be implemented in Hungary.
Hungarian online solutions could whiten economy in Saudi Arabia as well
Ministry of Finance, July 18, 2019 1:50 PM
There is more and more interest in Hungarian inventions aimed at the whitening of the economy. The thorough studying of these solutions was in the focus of the three-day Budapest visit of a high-level delegation consisting of executives of the Saudi Arabian tax authority. The visit ended on Wednesday, Norbert Izer, Minister of State for Tax Affairs informed the Hungarian news agency MTI.
More and more Hungarian businesses can access US markets
Ministry of Finance, July 15, 2019 9:09 PM
Relations between Hungary and the United States are improving also in the areas of the economy and finances, Finance Minister Mihály Varga pointed out after he received US Ambassador to Budapest David B. Cornstein in his office.
2020 budget promotes pay rises and reduction of taxes all at once
Ministry of Finance, July 14, 2019 2:05 PM
Next year’s budget promotes a rise in wages, earnings and investments as well as the reduction of taxes and the sovereign debt all at once, Finance Minister Mihály Varga said on Kossuth Radio’s programme Sunday Paper.
Acknowledgement of results of Hungarian economy
Ministry of Finance, July 13, 2019 10:10 AM
It has been proved again that the performance of the Hungarian economy exceeds international expectations, Finance Minister Mihály Varga said after his meeting with Pierre Moscovici, the European Commission’s departing Commissioner for Economic and Financial Affairs, Taxation and Customs. The Finance Minister said in its latest analysis the European Commission itself acknowledges that the Hungarian economy could continue to expand at a rate above the EU average, and by considerably upgrading its earlier projection, it has increased its estimate regarding Hungary’s GDP growth for this year to 4.4 per cent.
2020 budget is about protection of families and economic achievements
Ministry of Finance, July 12, 2019 8:59 PM
The adoption of the 2020 budget shows that the vast majority of Members of Parliament agree with the continuation of an economic policy that is based on the strengthening of families, the protection of the economic results achieved, the maintenance of the country’s security and pay rises.