Prime Minister Viktor Orbán made his highly anticipated state-of-the-nation address in Budapest yesterday.
During his speech, the prime minister announced a seven-point family protection action plan which he said was “Hungary’s answer [to challenges[, rather than immigration.”
Listing the points of the plan, PM Orbán said every woman under 40 years of age will be eligible to a preferential loan when they first get married. He added that the preferential loan of the family home purchase scheme (CSOK) will be extended; families raising two or more children will now also be able to use it for purchasing resale homes.
The prime minister said the government will repay 1 million forints of the mortgage loan of families with two or more children.
What’s more, women who have had and raised at least four children will be exempt from personal income tax payment for the rest of their lives.
The government will launch a car purchase subsidy program for large families. Families raising at least three children will be eligible to a grant of 2.5 million HUF (8,000 euros) to buy a new car seating at least seven people.
The prime minister announced that 21,000 creche places will be created over three years. Grandparents will also be eligible to a childcare fee and look after young children instead of the parents, he added.