Hungary is set to spend more money than ever on …

The 2026 budget will be the budget of families raising children, as Hungarian families have never received such a level of support as they will next year, said Zsófia Koncz, the state secretary for families at the Ministry of Culture and Innovation, on Kossuth radio this past Sunday.

Koncz was invited to speak on the occasion of Children’s Day in Hungary. She also posted a video on social media with the caption: “We are introducing Europe’s largest tax reduction program for families. Happy Children’s Day!”

According to Koncz, 5 percent of GDP will be spent on family support in the 2026 budget, writes the Hirado news portal, meaning some HUF 4.8 trillion (€12 billion), or five times as much as was in the 2010 budget and nearly 1 trillion more than this year. 

Various mother/baby allowances will also be exempt from social security tax from July, while on Oct. 1, mothers with three children – even working as grandparents – will become exempt from social security tax. Meanwhile, the family tax benefit will be doubled in two steps: from July and next January 1. All in all, those raising one child will be able to count on HUF 20,000 per month, those with two children HUF 80,000, and those with three children HUF 200,000 from.

Next year, mothers under 30 raising children born before 2023 will also be exempt from personal income tax. From January, mothers with two children under 40 will be exempt, from 2027, those under 50 will be, and from 2028, those under 60 will not have to pay personal income tax.

Accordingly, half a million mothers will be exempt from social security tax from January 1, 2026, and one million from January 2029, Koncz noted, adding that ax exemption will be provided not only until the children turn 18, but for life.

He said that the social security exemption means an average of HUF 129,000 per month for mothers under 30 with one child, HUF 189,000 per month for those under 40 with two children, and HUF 307,000 per month for those with three children.

Koncz reminded listeners that family tax relief had been almost completely abolished by left-wing governments before 2010. Furthermore, Orbán governments have introduced a childcare benefit, home construction grants, new nurseries and kindergartens, free or nominally subsidized camps, and free textbooks.

The government website, csalad.hu, lists some 30 different forms of family support according to different life situations.

Views: 3
About Steve Allen 2334 Articles
My name is Steve Allen and I’m the publisher of ThinkAboutIt.online. Any controversial opinions in these articles are either mine alone or a guest author and do not necessarily reflect the views of the websites where my work is republished. These articles may contain opinions on political matters, but are not intended to promote the candidacy of any particular political candidate. The material contained herein is for general information purposes only. Commenters are solely responsible for their own viewpoints, and those viewpoints do not necessarily represent the viewpoints of the operators of the websites where my work is republished. Follow me on social media on Facebook and X, and sharing these articles with others is a great help. Thank you, Steve

Be the first to comment

Leave a Reply

Your email address will not be published.




This site uses Akismet to reduce spam. Learn how your comment data is processed.