PM Announces Social Spending
Prime Minister Ferenc Gyurcsány on Monday announced plans to double the amount of child raising benefits as a part of the government’s family support social program.
Gyurcsány announced that families raising one child will receive HUF 11,000 monthly state benefit, while those raising two children will receive HUF 24,000 and families with three children can expect HUF 42,000 a month as benefit from the state.
The new measures will take effect January 2006. In 2006 the government plans to spend a total of HUF 349 billion on supporting families, of which HUF 319 billion will be spent on paying the new, increased child raising benefits, up from HUF 312 billion currently being spent.
About 90% of Hungarian families will receive twice as much in the form of benefits as earlier. A 13th month benefit will also be paid, as part of the 12 monthly payments, the government announced.
