Economic cabinet: Hungary needs ‘peace budget’

The government’s economic cabinet has discussed a package of measures, including family tax breaks and support for home purchases, aimed at supporting economic recovery, the national economy ministry said on Wednesday.

The measures also include a vocational training credit for Hungarian 17-22 year-olds, allowing household savings for buying homes tax free, and various subsidies for investments by small and medium-sized firms.

They agreed that increasing support for families, small businesses and youth living in rural areas would underpin a fast rate of growth.

The draft measures will be submitted at a full cabinet meeting in September.

According to Világgazdaság, the Economic cabinet said Hungary needed a so-called ‘peace budget’ to reach the above-mentioned goals.

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