Ministry of Finance
News
Working pensioners to receive an additional ten billion forints from 1 July
Ministry of Finance, June 29, 2020 1:12 PM
“Beginning on 1 July, the favourable tax regulations will become valid for all working pensioners, and accordingly they will not have to pay health insurance contributions or pension contributions. The reduction in tax burdens could leave a total of ten billion forints (EUR 28 million) in the pockets of those affected during the remaining six months of this year”, the Ministry of Finance’s Parliamentary State Secretary András Tállai said in a statement to Hungarian news agency MTI.
Economy Protection Operational Group formed
Ministry of Finance, June 25, 2020 2:17 PM
“Hungary has entered a new phase of protection against the epidemic: after protecting people’s health, it is now time to reboot the economy and create new workplaces”, Minister of Finance Mihály Varga declared following the inaugural session of the Economy Protection Operational Group on Tuesday.
Hungary will remain an attractive production and investment destination in the period following the pandemic
Ministry of Finance, June 24, 2020 11:53 AM
“The strong foundations of the Hungarian economy continue to afford the government significant room for manoeuvre for its crisis management measures”, Minister of Finance Mihály Varga emphasised following the first session of the National Competitiveness Council to be held after the epidemic situation.
Government to double budget of enterprise modernisation program to 100 billion forints
Ministry of Finance, June 19, 2020 10:27 AM
“Applications for over double the 50-billion-forint (EUR 145 million) budget available have been submitted for the tender aimed at facilitating the technological modernisation of enterprises, as a result of which the government is doubling the original budget with an additional 50 billion forints”, Minister of Finance Mihály Varga announced following a session of the Economic Cabinet.
Joint statement on protecting against the epidemic
Ministry of Finance, June 19, 2020 9:57 AM
“The coronavirus represents a global challenge: a response based on unity, solidarity, mutual support and multilateral cooperation is required”, Minister of Finance Mihály Varga said quoting the joint statement issued following the “One Belt One Road” international cooperation video conference organised by the Chinese government.
Hungary has kept its competitive position
Ministry of Finance, June 17, 2020 9:19 AM
Hungary has kept its position in the IMD international competitiveness rankings despite the global pandemic. Hungary remains an attractive international investment destination, and its most important relative advantages include the fact that it is one of the fastest growing economies in the European Union, offers competitive tax regulations and has a skilled workforce.
The economy protection and anti-epidemic measures increased the cashflow deficit until the end of May
Ministry of Finance, June 12, 2020 4:18 PM
The goal of the economy protection action plan launched to reduce the economic effects of the coronavirus epidemic is to protect the results achieves thus far, Hungarian families, pensioners, workplaces and enterprises. In the interests of this, the government is assisting enterprises with, amongst others, job protection and job creation wage subsidies, tax concessions and funding for investment projects.
The 2021 budget is the budget of economy protection
Ministry of Finance, June 11, 2020 11:07 AM
“Hungary’s 2021 budget is the budget of economy protection, which while also maintaining the epidemiological state of readiness includes the resources required for supporting families who are raising children, valuing pensioners, preserving workplaces, and the creation of new jobs”, Minister of Finance Mihály Varga said on Monday in Parliament.
Brussels’ recovery plan is unfair towards Hungary
Ministry of Finance, June 10, 2020 10:47 AM
“The European Recovery Plan is essentially a concept that is tailored to the requirements of southern member states, the undeclared goal of which is to prevent the economic collapse of these countries, which have been struggling with financial and structural problems for a long time”, Minister of Finance Mihály Varga said with relation to the European Commission’s package of measures published at the end of May.
Next year’s budget will be more transparent
Ministry of Finance, June 4, 2020 3:09 PM
“Next year’s budget will be more transparent”, Minister of Finance Mihály Varga declared in an interview for weekly business magazine Figyelő.