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Govt Official: Over 12,000 Applications Received for New Family Subsidies

MTI-Hungary Today 2019.07.19.

More than 12,000 families have applied for some kind of subsidy provided via the government’s family protection action plan since it was launched on July 1, the state secretary for youth and family affairs said on Friday.

Some 3,000 applications have been received for state-subsidised prenatal baby support loans by Thursday, Katalin Novák told a press conference, adding that 1,300 couples had already received the loan.

Thousands of Big Families Apply for Car Subsidies

She said most couples had applied for the maximum, 10 million forint (EUR 30,600) loan, noting that those who apply for it after the 12th week of pregnancy can automatically have the repayments on it suspended for three years.

The option for write-offs of outstanding mortgage credit has also drawn in around 3,000 applications and 6,400 large families have submitted applications for subsidies to buy cars, she said.

Concerning the mortgage write-offs, Novak noted from July 1, families can apply to have the government 1 million forints when the second child is born, 4 million forints after the birth of the third child, and another 1 million forints after the birth of every subsequent child.

Women with Four Children to Be Income-tax Exempt from 2020

The state secretary also said that next year’s budget allocates 2.5 times the amount of funding for family subsidies as the 2010 budget did, insisting that next year’s would again be “the budget of families”.

Thanks to the family protection action plan, she said, families with children will get to save a total of 162 billion forints next year and the government will lend around 700 billion forints to them through the loan-based subsidies.

featured photo: Katalin Novák, the state secretary in charge of youth and family affairs. (Szilárd Koszticsák/MTI)