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.
Early in November, the finance ministry lowered its projection for GDP growth this year to 6.8 percent.
Hungary’s GDP growth slowed to an annual 6.1 percent in the third quarter. For the period Q1-Q3, GDP growth came to 7.1 percent.
Read alsoViktor Orbán: Brussels fails to protect families and children
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
Ecuador’s floral wonders: The enigmatic orchids take centre stage in Budapest
Finance Minister Varga flags continued tax relief
Fidesz to modify electoral rules in Hungary – Budapest Mayor Karácsony forms harsh judgement
Hungary hosts European SME Assembly in Budapest
Attention! Traffic changes and public transport disruptions tonight in popular Budapest district
Appalling: New Hungarian draft law proposes one year in prison for aggressive comments online
1 Comment
It is the right thing to do.