• Home
• Channel: Current Affairs
• Pensions to Rise By 15% in Hungary from January

Pensions to Rise By 15% in Hungary from January

• 14 Dec 2022 9:29 AM
• Hungary Matters

The government will raise pensions by 15% as of Jan. 1, Prime Minister Viktor Orbán said on Tuesday. In a video published on Facebook, Orbán said he had signed a government decree on the pension hike.

“In the wake of Brussels’s ill-advised sanctions, an energy crisis is raging in Europe, which also has an impact on us Hungarians,” the prime minister said, adding “we are protecting families through price caps and reduced utility prices.”

While coping with current challenges, the government also focuses on long-term objectives such as securing a decent living for pensioners and preserving the value of pensions, Orbán said.

He added that previous hikes had helped meet that goal in each year since 2010, and the next hike in January would serve that end in 2023, too. “Seniors can rely on us!” Orbán said.

Meanwhile, Finance Minister Mihály Varga said the central budget would ensure a monthly 473 billion forints (EUR 1.2bn) to cover the pension hike.

According to the minister, pension payments in 2023, including a 13th month pension, will amount to 6,150 billion forints.

“Since 2010 we have doubled pensions and their purchasing power has increased by 20%,” Varga said, adding “we will continue to work to preserve the value of pensions amid the sanctions crisis”.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Pensions Rise

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Hungary to Veto EU Sanctions Against Georgia Officials If Necessary, FM Szijjarto Says + More

• 11 Dec 2024 5:34 AM

Hungary’s government believes the European Union’s proposal to impose sanctions on Georgia’s interior minister and two police officials is “nonsensical and uncalled for”, and will veto the motion if necessary, Peter Szijjarto, the foreign minister, said on Tuesday.



New Fund Proposed for Preventing Violence Against Women in Hungary

• 26 Nov 2024 6:08 AM

The opposition Socialists have proposed the government should set up a fund for the prevention of violence against women and to include the fight against domestic violence as a subject in the national curriculum, the party's parliamentary deputy group leader said on Monday, marking International Day for the Elimination of Violence against Women.



Updated: Irish Man Admits Murdering US Woman in Budapest

• 12 Nov 2024 1:17 PM

Hungarian authorities have arrested an Irish national who is suspected to have murdered in the recent days a woman, a US citizen, who went missing in Budapest. All the evidence points to murder, not an accident as the Irish man claims. He arrived in Budapest a week earlier as a tourist, reports Tények.



Trump Will Be President Again, Claims Orbán - Why Western World Set for Sea Change

• 4 Nov 2024 11:39 AM

The Western world faces a sea change, Prime Minister Viktor Orban said in an interview to public radio on Sunday, arguing that a new "pro-peace, anti-migration and anti-gender" majority was emerging.