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HUNGARY: PM offers financial incentives to boost birth rate

HUNGARY PM offers financial incentives to boost birth rate

Hungarian Prime Minister Viktor Orban announced new tax and loan benefits for families on Sunday as part of his government’s efforts to increase the birth rate while holding a hard line against immigration.

In his annual state of the nation speech on Sunday, Orban said “There are fewer and fewer children born in Europe. For the West, the answer (to that challenge) is immigration. For every missing child there should be one coming in and then the numbers will be fine.”

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“But we do not need numbers. We need Hungarian children,” he said, announcing the incentives program.

The new measures include the expansion of a loan program for families with at least two children to help them buy homes, subsidies for car purchases and waiving personal income tax for women raising at least four children.

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