Economy minister: Pensions to go up 0.9 pc in 2017

Budapest, April 18 (MTI) – The government is planning to raise pensions by 0.9 percent next year, in line with the expected rate of inflation, business daily Világgazdaság reported on Monday, citing the economy minister.

Mihály Varga told the paper that inflation would be considerably slower due to planned VAT cuts on poultry, dairy, and egg products, as well as on internet and catering services.

The real value of pensions is expected to be up by 1.3 percent this year, Varga said, adding that in all, the buying power of pensions has increased by 10 percent since 2010.

Photo: MTI

Source: http://mtva.hu/hu/hungary-matters