ADVERTISEMENT

Childcare allowance to rise with minimum wage

Government

Childcare allowances will rise in tandem with a planned increase in the minimum wage next year, Minister for Family and Youth Affairs Katalin Novák said after a meeting of the body in charge of coordinating the restart of community life this week, according to napi.hu.

Hungary's government earlier proposed raising the monthly minimum wage for unskilled laborers from HUF 167,400 to HUF 200,000 from the start of 2022. Novák said the measure would raise the maximum monthly childcare allowance to gross HUF 280,000 a month, while the assistance for parents in tertiary education would climb to gross monthly HUF 140,000.

She added that the funding for parents caring for children living with disabilities would rise to a net HUF 180,000 per month. The allowances are linked to the minimum wage at present.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.