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Government to Pay Full Annual Pension Bonus in 2022

MTI-Hungary Today 2021.11.18.

Hungary’s government will pay a full month’s worth of extra pension benefits, dubbed the 13th month pension, next February, Katalin Novák, the families minister, said on Facebook on Wednesday.

Payments will be made to 2.5 million eligible recipients such as pensioners and others receiving pension-type benefits, Novák said.

The government reintroduced the first “week” of the annual pension bonus — equivalent to a full month’s pension — in 2021 and had planned to add the second week to the bonus in 2022.

Orbán Gov't Promises Generous Support for Pensioners Ahead of 2022 General Elections
Orbán Gov't Promises Generous Support for Pensioners Ahead of 2022 General Elections

Pensioners will receive several weeks of payments of the 13th month pension, and a uniform pension bonus of 80,000 forints (EUR 223) by early 2022.Continue reading

Prime Minister Viktor Orbán said early in October: “We can certainly return two weeks [of the pension bonus] at the beginning of next year. But, if we don’t make any mistakes, and if the government’s growth-driving economic policy is successful in the coming three months, … then I see a chance early next year to return not just two weeks, but a full month of the pension bonus sometime around early February.”

Central Bank Head Urges Rethink on Deficit Spending to Restore Balance
Central Bank Head Urges Rethink on Deficit Spending to Restore Balance

The high budget and current account deficits are such that Hungary is again trapped in a twin deficit, one that it successfully emerged from after 2010. But now the associated risks are greater, Matolcsy said.Continue reading

featured photo illustration by Tibor Illyés/MTI


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