Orbán cabinet family subsidy package to cost EUR 472m a year

State secretary for family policy Katalin Novák has said the family support measures unveiled by the prime minister on Sunday will cost the central budget about 150 billion forints (EUR 472m) a year.

This year, the fiscal impact of the measures are expected to be half that amount, Novák told a press conference on Monday.

She noted that the 10 million forint loan (EUR 31,500) available to women committed to having children would be available from July 1, 2019. Women between the ages of 18 and 40, in their first marriage, who have worked for at least three years are eligible for the loan which will be interest free, she added.

Csok loans will become available for the purchase of resale homes from July 1, 2019, she said.

A 35 million forint cap on the value of resale homes for which families with children may apply for csok subsidies will be scrapped, she added.