Govt to reintroduce home-related grants for families with children

Telco

The government will reintroduce grants for families with children in 2012 helping them to acquire a home, National Economy Minister György Matolcsy announced on Wednesday.

Families with four or more children would be eligible for HUF 1.6-HUF 2.5m in support, while those with three children would be eligible for HUF 1.2-HUF2m in support. Those with two children would be eligible for HUF 800,000-HUF 1.3m in support.

The size of the grants will also depend on home size, energy efficiency, employment status and back taxes, Matolcsy said.

Payments under the program to be launched this year will start on January 1, and the grants may be disbursed to four thousand families in 2012, he said.

There will be HUF 5.2bn available for the program in next year's budget, the national economy minister said.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.