Opposition parties call for fixed base income

Parliament

pixabay

After addressing an international conference on the subject in Budapest yesterday, the leader of the Socialist Party József Tóbiás said the introduction of a minimum, or base, income for all in Hungary would be helpful for society in a number of ways. He said an unconditional base income would help promote domestic consumption, encourage couples to have more children, reduce poverty and crime and boost social integration. 

A fair base income would mean that people would not only receive “financial recognition” for their work, but they would also be seen as being useful to society for the value they produce, Tóbiás said at the conference, according to state-owned news agency MTI.

The ruling Fidesz party said in a statement yesterday that the Socialists now wanted to give “free” taxpayer money “to anyone” and insisted that paying a fixed base income would lead to austerity, indebtedness and higher taxes. The opposition Dialogue for Hungary (PM) party accused the Socialists of only supporting the plan “in words but not in deeds”. 

The partyʼs co-leader Tímea Szabó said in a statement that her partyʼs proposal put forward as part of a budget amendment had been voted down by both Fidesz and the Socialists in parliamentʼs welfare committee. Szabó said by regrouping just over HUF 2.2 trillion in the budget the base income could be introduced without increasing the budget deficit.

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Operative corps for economic recovery decides on further mea... Government

Operative corps for economic recovery decides on further mea...

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.