The state top-up cap for baby bonds, a high-yield security available to newborn Hungarians, will double to 12,000 forints (EUR 32) as of January next year, Katalin Novák, the family affairs minister said on Thursday.
The start-of-life subsidy scheme has been available to new parents who open a baby bond account for their child since 2016. Since 2018, the bonds have also been available for Hungarian children born abroad, Novák said on Facebook. The minister encouraged new parents to choose the baby bond as a form of savings which pays a premium.
Meanwhile, finance Minister Mihály Varga said Hungary’s GDP is expected to grow by 6-6.5 percent this year at a general meeting of construction industry association EVOSZ on Thursday.