The government has presented its 2026 convergence program.
Viktor Orbán / Facebook
Opposition MPs, such as István Ujhelyi, argued before the election that they could expect significant austerity on the part of the Orbán government if they remained in power. However, there is no sign of this yet.
The member states of the European Union must report by 30 April each year on how they envisage their next years in economic and budgetary terms. Of course, Hungary did the same, reports mfor.hu.
According to the convergence program sent to the European Commission, the government forecasts a budget deficit to decrease to 4.9% by 2022-26.
In addition, the current convergence program shows that the current achievements can be maintained almost entirely, while further facilitations can take place.
Including but not limited to:
– VAT on newly purchased or built dwellings will be reduced from 27% to 5% in some cases (these are not specified in the program),
– real estate purchased using the family home discount (voucher) can certainly benefit from a remunerative transfer tax until the end of 2026,
– young people under the age of 25 do not have to worry either, the personal income tax exemption granted to them from 1 January this year will be maintained,
– as well as the 13-month pension and the pension premium for increases of more than 3.5%,
– the salary development program for doctors, which started in 2021 and will last for several years, will continue,
– expenditure on defense as a share of GDP increases,
– as in previous years, significant infrastructural developments will take place, including road and railway developments, the establishment of industrial parks and regional developments,
– the Hungarian Village and Modern Cities Program continues,
– further investments will be made within the framework of the Healthy Budapest program,
– while there will also be tourism and other economic developments.
In addition, wages in the public sector, including health care and education, could rise.
Source: Propeller – Saját anyagok by propeller.hu.
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