Poverty level in Hungary below EU average – report

The rate of poverty in Hungary is below the European Union average, a study in a report compiled by the Tárki research institute presented on Tuesday reveals.

Citing Eurostat data, the study found that 14.6 percent of Hungary’s population live below the poverty line compared with an EU average of 17.2 percent.

Hungary, however, is less competitive when it comes to international comparisons of the material deprivation rate. Altogether 44 percent of the Hungarian population cannot afford basic resources, compared with an EU average of 19.5 percent. According to the study, only Romania and Bulgaria have worse material deprivation indicators than Hungary.

The study, however, reveals a decline in the number of people who cannot afford heating or are late with paying their utility bills, state secretary for social affairs Károly Czibere, who presented Tárki’s Social Report 2016, said. Czibere attributed the improvement to government measures such as the utility bill-cut scheme and foreign-currency mortgage bailouts.