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State Top-Up Cap for Baby Bonds to Double Next Year

MTI-Hungary Today 2021.12.09.

The state top-up cap for baby bonds, a high-yield security available to newborn Hungarians, will double to 12,000 forints (EUR 32) as of January next year, Katalin Novák, the family affairs minister said on Thursday.

The start-of-life subsidy scheme has been available to new parents who open a baby bond account for their child since 2006.

Since 2018, the bonds have also been available for Hungarian children born abroad, Novák said on Facebook.

The minister encouraged new parents to choose the baby bond as a form of savings which pays a premium.

'Successful Family and Economic Policies Go Hand in Hand' - Family Affairs Minister Novák at the Hungary at First ‘Site’ Conference
'Successful Family and Economic Policies Go Hand in Hand' - Family Affairs Minister Novák at the Hungary at First ‘Site’ Conference

Although the challenge of stopping demographic decline sometimes seems “almost impossible,” Hungary decided to move forward with its policies to help families have as many children as they want, Katalin Novák, the minister for family affairs said on Tuesday at the international “Hungary at First ‘Site‘” press conference organized by the Friends of Hungary Foundation, […]Continue reading

In the featured photo illustration: Katalin Novák (on the left). Photo by Varga György