Hungary: Life-long tax exemption for women with 4 kids

BUDAPEST: Hungary’s government is greatly increasing financial aid and subsidies for families with several children, the country’s prime minister has said.

The measures announced by Viktor Orban during his “state of the nation” speech are meant to encourage women to have more children and reverse Hungary’s population decline.

The benefits include a lifetime personal income-tax exemption for women who give birth and raise at least four children; a subsidy of 2.5 million forints ($8,825) toward the purchase a sevenseat vehicle for families with three or more children; and a low-interest loan of 10 million forints ($35,300) for women under age 40 who are marrying for the first time. Orban, who has made “zero tolerance” for immigration his main theme in the past four years and was elected to a third consecutive term in April, said the initiative is meant to “ensure the survival of the Hungarian nation.” “This is the Hungarians’ answer, not immigration,” Orban said. The prime minister also listed some of his government’s economic achievements — such as low unemployment — and vowed to fight poverty. Orban accused the leadership of the European Union for wanting “to fill the continent with migrants.”