Daily News Hungary economy

The opposition Democratic Coalition (DK) has pledged to reinstate the Swiss indexation for calculating pensions, which they said would ensure steeper increases, and to give a 150,000 forint (EUR 427) bonus to pensioners to compensate inflation, DK’s deputy group leader said on Monday.

Hungary’s 5.1 percent inflation rate is the highest in Europe, Gergely Arató told an online press conference. The EU average is 2.3 percent, he said.

Experts have attributed Hungary’s record inflation to bad government decisions and a mistaken policy of the central bank, Arató said.

Changes to the pension system will cause pensions to lose their value further, pushing more and more people into destitution, he warned. Already hundredfold differences between large and small pensions are set to grow even wider, he said.

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Read alsoWill the Hungarian pension ever compare to the EU?

2 comments
  1. Amazing how these washed up has beens can always promise money when they are trying to buy the election. Trouble is they already have had their chances before to help pensioners and they did nothing. It was more important to criticize Orban and Fidesz than to try and help the pensioners. Go away DK no one believe your lies.

  2. NEWS FLASH :

    The opposition DK have today announced that ALL taxes will be increased by at least 50% (once they are elected into government) to pay for their insane election promises.

    A vote for the DK is a vote for VERY HIGH TAXES !

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