Ministry of Finance
News
The Hungarian budget is providing all necessary resources for protection against the epidemic
Ministry of Finance, April 9, 2020 11:32 AM
The most important task of the Hungarian government is handling the effects of the coronavirus epidemic. In addition to protecting people’s lives, other important tasks include rebooting the economy, preserving and recreating jobs, and reinforcing the situation of families and enterprises.
Every fifth forint of country’s income serves containment effort
Ministry of Finance, April 8, 2020 11:17 AM
Hungary is using around 20 per cent of its annual income for the containment of the coronavirus, and with this the government is placing every fifth forint in the service of families and businesses, Finance Minister Mihály Varga said on Wednesday, after the meeting of the financial task force.
Employer social security contributions to be reduced by 2 percent
Ministry of Finance, April 7, 2020 12:54 PM
“In addition to the new economy protection measures being introduced because of the coronavirus epidemic, the government would also like to retain some of its previous decisions, including the fact that the level of employer social contribution tax will be reduced by 2 percent”, Minister of Finance Mihály Varga said on Kossuth Radio’s “Good Morning, Hungary!” show on Tuesday.
Hungarian sovereign debt continued to decline last year
Ministry of Finance, April 1, 2020 11:34 AM
“Thanks to disciplined fiscal policy, in 2019 Hungary’s sovereign debt to gross domestic product (GDP) ratio fell by some 4 percentage points from 70.2 percent to 66.3 percent”, the latest data published today by the Central Statistical Office states. Last year, the budget once again fully provided the resources required for state public duties and the government’s economic and social policy measures.
Tens of thousands of businesses in trouble not required to pay worker contributions for four months
Ministry of Finance, March 31, 2020 4:18 PM
The sectors most exposed to the crisis situation that has evolved due to the global coronavirus pandemic have received immediate relief from the government in the interest of the protection of the Hungarian economy and jobs. The central budget is surrendering some HUF 71,000 a month per worker earning the wage minimum determined for qualified workers in order to enable the businesses concerned to preserve the jobs of their workers, András Tállai, the Parliamentary State Secretary of the Ministry of Finance told the Hungarian news agency MTI on Tuesday.
245 billion forints spent on virus protection so far
Ministry of Finance, March 27, 2020 3:43 PM
“The government has spent a total of 245 billion forints (EUR 690 million) to date on defending against the coronavirus epidemic”, Minister of Finance Mihály Varga said in a video uploaded to his Facebook page on Friday.
The economy protection measures are also helping many families with small children
Ministry of Finance, March 27, 2020 9:56 AM
“In addition to eighty thousand small enterprises and sixty thousand families with small children, the government’s economic protection measures are also making life easier for thousands of companies and hundreds of thousands of debtors”, the Ministry of Finance’s Parliamentary State Secretary András Tállai said in a statement published in Hungarian daily Magyar Nemzet on Friday.
Re-planning of budget under way
Ministry of Finance, March 26, 2020 12:32 PM
Work related to the re-planning of the budget is under way in the financial task force, Finance Minister Mihály Varga said on Kossuth Radio’s programme ‘Good morning, Hungary’ on Thursday.
Hungarian government asked for customs tariff and VAT exemption for importation of face masks, ventilators and other protective supplies
Ministry of Finance, March 26, 2020 11:12 AM
Hungary submitted a request to the European Commission in which it asked for customs tariff and VAT exemption for imported face masks, ventilators and other protective health care supplies due to the state of danger caused by the coronavirus epidemic, Norbert Izer informed the Hungarian news agency MTI on Thursday.
Further relief measures for debtors
Ministry of Finance, March 25, 2020 10:41 AM
Today another decree has been published in Magyar Közlöny [Hungarian Gazette] offering further relief measures to debtors. The primary purpose of the regulation is for the government to help customers taking advantage of the debt repayment moratorium not only this year but also next year when their payment obligations resume.