Hungary announces a tax incentive plan to increase the population growth

At the beginning of this year, Donald Trump Americans announced that it will be more babies and asks to help them take place. They include the fertilization of the invitation and increasing costs in areas with higher marriage and birth rates.

However, Atlantic, Victor Orban, the Prime Minister of Hungary, presented a new idea of ​​Inha. For all women who have two or more babies, a lifetime wants to present freedom of income tax.

Orban, said in the X, “2025 and progress! We have started the largest tax reduction program in Europe. It was fully relieved of life-life taxes. There is no such thing.”

“Hungary’s living cost is high, so the Government should subsidize families,” the chairman of the British Political Activities Committee Ben Habib and the British Deputy British Kolenti. “It facilitates mothers home to stay.”

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Orban’s offer seems more than holding sounds. On the contrary, the country’s decline in the focus is similar to a decrease in the country’s decline in 1980. Drops are primarily due to the cause of collapse in Hungary’s birth rate. To maintain the level of the population, the birth rate must be at least two of the women, and experts say. According to the World Bank, this did not happen since 1979. The birth rate for 2023 was 1.5 children.

A decreasing population is a natural development to be richer than countries. “As the economy grows and more adults, the rates are reduced,” he says.

And the place where there is the thoughts inside, because it can help increase the birth rate to give money. “If there is no biological cause for the reduction of birth rate, you can reverse, but you must encourage” Robert Wright, Professor of the Central Michigan University.

Hungary has already measured subsidies for families with children. For example, two parents who have a child receive 12,200 Hungarian Forinons ($ 32) per month, and the Hungarian government, 16,000 dollars ($ 41.60).

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It may seem strange to have a sliding benefit, but there is a number of logic. A family becomes larger, expenses can also grow fast, the American Economic Research Institute is the director of Economy and Economic Freedom Pete Earle. “When one pair is three children, they will need a house, not just in an apartment,” he says. You can also see the needs of large cars until children and schools.

The new proposal to eliminate income tax for the mother of two or more children of the orbar may be more generous than current subsidies. “The thing he offers is even greater, especially for higher income people,” he said.

However, the decline in the population is not the only problem of Hungary. Recently, there were economic problems that will subsidize people in the country to be more difficult for bigger families. These include slow growth, high inflation and lack of foreign investment.

GDP was 0.9% in 2023, and last year, according to the trade economy, increased by 0.5% last year. The government also registered 6.7% of GDP in 2023, and about 5% of about 5% about 5% of about 5% this year. Meanwhile, the country’s inflation is rising. In January, 5.5% was above 3% in September.

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“Hungary has a great budget deficit, so I do not know how to work with the new proposal of the orbar,” he says.

However, Orban’s proposal, unlike Trump, will probably help ensure closer connection between the United States and Hungary. “Orban is one of the winners in the US elections,” says the main market strategy Mark Chandler in the Global Forex in Bannockburn.