ADVERTISEMENT

Household expenses of the lowest income segment rises

Deals

Municipalities cannot compensate for the elimination of state housing benefits, a recent national survey of 31 municipality decrees carried out by Habitat for Humanity found. 

According to the international organization, the central government’s spending on household benefit has decreased from HUF 130 bln to zero in the last nine years, while incentives to buy property have increased; this in turn contributes to the widening of the social gap between the middle class and households with the lowest income

The analysis criticized the practice of municipalities by which, according to Habitat for Humanity, they award benefits to applicants based on subjective criteria. According to the survey, the poorer and larger the household, the more they stand to lose with the introduction of the new benefit system.

Trends are expected to continue given that the prime minister announced the termination of all household aid by 2018. 

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.