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LMP to Submit Amendment Proposal on VAT Cuts on Basic Foodstuffs

MTI-Hungary Today 2020.08.22.

Opposition LMP will submit an amendment proposal to parliament that would require a 5 percent VAT rate on basic foodstuffs to be written into law, the party’s co-leader said in an online press conference on Saturday.

The party has also launched a signature drive aimed at the reduction of the VAT rate on basic food products to 5 percent from the current 27 percent, Erzsébet Schmuck said.

“It’s the price of fruits and vegetables in particular that has become unreasonably expensive,” Schmuck said, adding that they had become unaffordable to many families.

Also, with a view to improving the situation of pensioners, LMP is calling on the government to raise pensions if inflation exceeds annual pension hikes by more than 1 percentage point, Schmuck said. The party is also calling on the government to reintroduce the 13th month pension with immediate effect, rather than gradually, she added.

Featured photo illustration by Tamás Sóki/MTI