PM Orbán: Increase in minimum wage pushes up all other wages as well
PM Orbán noted that the current wage increase is so large that during the combined three years it amounts to a 40 percent increase.
PM Orbán noted that the current wage increase is so large that during the combined three years it amounts to a 40 percent increase.
The deal, reached between employers, unions and the government, would raise the statutory minimum wage by 9pc in 2025, 13pc in 2026 and 14pc in 2027.
At the Carmelite Monastery, Prime Minister Viktor Orbán unveiled a landmark wage agreement poised to bring transformative change to Hungary’s economy and workers over the next three years.
Minister Szalay-Bobrovniczky said wages are increasing by an average of 11% from January 2024 but it may vary depending on the category of staff.
The prime minister noted the revamped home purchase subsidy scheme, saying the government trusted that the CSOK Plusz program would help tens of thousands of families.
The interior minister told parliament’s welfare committee at his annual hearing on Tuesday that the average base salary of doctors has been increased to 2,197,000 forints (EUR 5,780) and of healthcare professionals to 595,000 forints.
KSH said the average net wage including benefits rose by 15.1% to 383,500 forints.
The interior ministry said healthcare staff in non-medical areas would be included in the program.
In November 2022, the gross average wage of full-time employees was 563,600 forints (EUR 1,447).
The average gross wage in Hungary climbed by an annual 15.4 percent to HUF 503,500 (EUR 1,216) in June.
The average gross wage of full-time employees in February was HUF 546,000 (EUR 1,470).
Businesses with at least five people on the payroll show the average gross monthly wage for full-time employees is HUF 492,800 (EUR 1,377).
The rate of annual wage growth in Hungary picked up to 10.1 percent in November from 8.5 percent in the previous month.