Parliament modifies Erzsébet meal-voucher scheme

Retail

Parliament yesterday approved legislation submitted by the Human Resources Ministry to end the exclusive connection between the Hungarian National Foundation for Recreation and the Erzsébet meal and recreation voucher scheme, Hungarian news agency MTI reported. 

The public tasks of organizing child and teen recreational programs will be handled by a newly established child welfare foundation which will receive budget funding related to its tasks under the Erzsébet program. 

The Hungarian National Foundation for Recreation will still be in charge of organizing meals and recreation vouchers as a form of social support and distributing such vouchers. It will continue to use the proceeds of the Erzsébet meal-vouchers and other revenue it acquires to execute its programs.

Erzsébet meal-vouchers are an element of Hungaryʼs unified national voucher system, introduced in 2012. The state offers tax benefits for the vouchers.

The government proposed amendment put forward by the European Court of Justice earlier in March that would prevent Hungaryʼs unified voucher system from violating key European Union tenets.

The bill was approved with 118 voting for, 53 voting against and four abstentions.

ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan Debt

ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan

Hungary to Address Future of Cohesion Policy During EU Presi... EU

Hungary to Address Future of Cohesion Policy During EU Presi...

Cordia’s Marina City Project Begins Residential

Cordia’s Marina City Project Begins

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

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.