Orbán: Pensions to rise by 1.6pc in 2017
Budapest, November 29 (MTI) – Pensions will rise by 1.6 percent next year and each pensioner will receive an end-of-year bonus of 10,000 forints in Erzsébet vouchers, Prime Minister Viktor Orbán said after a meeting of the Seniors’ Council on Tuesday.
Orbán said that the vouchers would be paid from this year’s budget surplus and pensioners will receive it before Christmas or before the end of the year.
“This is a gesture, an expression of respect for the retired,” he said.
Orbán said the targeted pension rise for 2017 will be raised from 0.9 percent to 1.6 percent.
Like at the end of each year, pensions will be revised and if necessary corrected in November 2017, depending on inflation, he said. If inflation is higher than expected, pensioners should be given extra money, he added.
This year “the Hungarian economy had a good track record” which has allowed sharing some of the budget surplus with pensioners, he said.
Good news for pensioners in 2017 include the VAT reduction on basic foods, maintaining the public utility fee cut scheme, a one-off payment of 10,000 forints (EUR 32) and the 1.6 percent pension increase, the prime minister added.
Photo: MTI
Source: MTI
please make a donation here
Hot news
Hungary surpasses gas storage target, reaches 90% capacity ahead of EU deadline
Digital currency revolution: Hungary prepares for the future with a digital forint
Hungarian government prioritises family support, plans major tax relief boost
Cinema City ticket prices increase in Budapest from November, introducing new junior ticket option
Hungary stands alone: Orbán declares nation a ‘conservative island’ in Europe’s ‘liberal ocean’
TODO Mexican Kitchen: A new taste of Mexico in Budapest