Hungary to give women with four or more kids lifetime tax exemptionStaff Writer | Monday February 11, 2019 11:33AM ET
Europe Viktor Orban
Hungary’s government is greatly increasing financial aid and subsidies for families with several children, the country’s prime minister said Sunday.
READ MOREThe 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 seven-seat 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. ■
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