- 5 Nov 2021 6:55 AM
- Hungary Around the Clock
The final version of the agreement will be developed within days and the agreement can be signed by the middle of November.
According to the draft agreement, the government will continue to reduce the tax burden on labour, depending on the productivity, competitiveness and growth of the economy, also taking central budget considerations into account.
A minimum wage agreement is a routine decision in principle, but in Hungary this is also politicised, especially before the election year, Corvinus University professor Ákos Péter Bod remarked.
In the present economic environment, the increase in the minimum wage might fuel inflation, so in the end households will pay for it with higher prices, said analyst Péter Virovácz of ING bank.