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Jun 05, 2017

Hungary increases education spend by 120 billion HUF in 2018 budget

The total central budget spending on education will come to 2,000 billion HUF, and a significant portion of the extra funding will be spent on higher education, with 15 billion HUF going to support research work at universities alone

The Hungarian government has announced that it will allocate 120 billion HUF (389.6m EUR) extra for education and teacher pay rises in the 2018 budget.

László Palkovics, Hungary's education state secretary, announced the news during Teachers’ Day on Sunday.

Palkovics said that the total central budget spending on education will come to 2,000 billion HUF, and a significant portion of the extra funding will be spent on higher education, with 15 billion HUF going to support research work at universities alone.

He also said that roughly 45 billion HUF will be spent on a 3.5 percent wage increase for teachers, in line with a career-path model.

Palkovics said almost 200 billion HUF would go toward European Union-funded projects in the education sector. These include infrastructure upgrades, procurement of equipment and teacher training.

Another 45 billion HUF will go toward IT developments, ensuring broadband internet and WiFi in all schools by 2020, he concluded.