ADVERTISEMENT

Government focuses on improving financial literacy

Initiatives

The Ministry for National Economy has completed the draft of a seven-year strategy to give all Hungarians a basic understanding of finance. The draft is open for public consultation until September 12, according to reports. 

Financial literacy could become part of the compulsory school curriculum, according to information published by online news portal hvg.hu. Currently financial studies are compulsory only in some high schools.    

Ágnes Hornung, state secretary at the Ministry for National Economy, said Friday that the strategy - drafted with the involvement of civil organizations as well as other state institutions - draws on the successes of earlier such programs and aims to make Hungarians more prudent when it comes to spending and borrowing, and more resilient when dealing with financial stress.

The strategy is targeted at all Hungarians, including those living in underdeveloped regions of the country, Hornung said, quoted by national news agency MTI.

The strategy has several recommendations for preparing both adults and children for coping with financial services. For example, children and students would be offered a saving scheme with government-subsidized interest rates.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

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...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens 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.