Economic Shifts: Euro and Wealth Tax

For the expat and business community, the most notable pledges involve a move toward the Euro and a change in the tax landscape. While Fidesz has long resisted a timeline for the single currency, Tisza promises to set a "foreseeable and achievable target date" for its introduction.

On the taxation front, the party plans a two-pronged approach:

Income Tax Relief: Cutting taxes for those earning below the median wage.
Wealth Tax: Introducing a 1% annual tax on wealth exceeding 1 billion forints (approx. $3.1 million).

Magyar has also committed to aggressively tackling corruption as a means to unlock billions in frozen EU funds, which he argues are essential for revitalizing the national economy.

Energy and Infrastructure

The manifesto, titled "The Foundations of a Functioning and Humane Hungary," sets ambitious goals for energy independence. Tisza aims to end Hungary’s reliance on Russian energy by 2035 and double the country’s share of renewables by 2040. While the party supports nuclear energy, it has called for a "comprehensive review" of the ongoing Russian-led Paks 2 project.

Immediate Reforms

Beyond economics, the programme promises immediate overhauls of critical public services that impact daily life in Hungary:

Healthcare and Education: Prioritizing modernization and funding.
Transport and Welfare: Restructuring systems to improve efficiency and reliability.

The Road to April 12

While recent independent polls show Tisza holding an 8–16 percentage point lead among decided voters, the political landscape remains polarized. Pro-government pollsters suggest Fidesz maintains its lead, leaving the final outcome of the April vote highly unpredictable.
 

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