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Oct 17, 2016

Hungary's poverty line has dropped over the past three years

The number of people living under the poverty line in Hungary has continued to drop since 2013

The number of people living under the poverty line in Hungary has continued to drop since 2013, the state secretariat for social affairs and social cohesion at the Human Resources Ministry has said.

Since 2012 nearly 600,000 have risen out of poverty, as a result of the Hungarian government’s measures, the report said, which was deliberatley released on International Day for the Eradication of Poverty.

The risk of poverty and social segregation fell to 31.8 percent by 2013 and further to 28.2 percent by 2014, it said, citing Eurostat data.

The group containing the most vulnerable people has been reduced by 166,000 in 2014, MTI reported.

Government measures contributing to these falling numbers included foreign-currency mortgage bailouts, fostered work programs and the scheme to cut household utility bills.

The risk of poverty among the Roma in Hungary fell by six points from 2013 to 2014 and the index for work poverty fell from 45.3 to 26.7 percent in the same period.

The UN General Assembly declared October 17 as the International Day for the Eradication of Poverty in 1992.