Hungary among 1st to exceed pre-COVID performance
Image by Shutterstock.com
Hungary was among the first in Europe to exceed its pre-epidemic economic performance, the gross domestic product may have strengthened by 6.4% last year, and growth of well over 5% is expected again this year, Minister of Finance Mihály Varga said in a post on his Facebook page.
He was replying to a letter from Lajos Kósa and István Fiák about the personal income tax exemption for those under 25 years of age.
Varga added that this provides an opportunity to strengthen those most affected by the crisis: the elderly, families raising children, businesses and young people.
This is also due to the complete rebuilding of the 13-month pension, the family tax refund, another HUF 750 billion reduction in taxes on labor, and the PIT exemption for those under 25.
Companies Spending Less on Advertising
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
