Hungary Boosts Subsidies With Tax Exemption for Mothers Under 30

Hungary’s government plans to extend its generous family policies by exempting women under 30 who have children from paying tax.

The measure will come into effect in the 2023 budget, the Finance Ministry said on Friday, without giving specifics.

Prime Minister Viktor Orban and his government have previously implemented a range of measures aimed at reversing Hungary’s declining birth rates, including financial incentives and tax breaks for families with multiple children.

To contact the reporter on this story:
Marton Kasnyik in Budapest at mkasnyik1@bloomberg.net

To contact the editors responsible for this story:
Zoltan Simon at zsimon@bloomberg.net

Marton Kasnyik, Michael Winfrey ...