The draft 2027 budget has been submitted: family allowance to double
Published
Shortly before midnight on Friday, the government submitted the draft of Hungary's 2027 central budget to the National Assembly. This is the first budget plan prepared by the government led by Tisza. The document contains several important changes for families, workers, and those who hold assets.
According to the draft, the family allowance will double. The family allowance is a regular sum of money paid by the state to families raising children. The change could reduce the everyday expenses of many families.
The budget also addresses wage increases. The draft sets out the specific amounts and the affected groups of employees in detail. In addition, the plan provides for the introduction of a new wealth tax, which would apply to certain individuals with large assets.
Members of parliament must now review the draft and then vote on it in the National Assembly. The budget changes can only take effect after parliamentary approval.
Sources: Kontroll
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