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Finance Minister: Demography Must Be at the Heart of Politics

MTI-Hungary Today 2019.09.06.

Demography and how population issues are handled must be put at the heart of policymaking, Finance Minister Mihály Varga said on Thursday, addressing the 3rd Budapest Demographic Summit.

Varga said families were willing to have more children if conditions were right in a country. The government has already demonstrated that it bases its policies on the interests of the Hungarian people, on strengthening families and on developing the economy, he added.

According to the government’s policy, the child comes first and policymaking is geared towards helping young people raise as many children as they want by lightening the burden of raising children, the finance minister said. But this endeavour requires a robust economy, he said, adding that it was important that the Hungarian economy should constantly improve its performance.

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In the second quarter, the economy grew by 5.2 percent and the number of people with a job has exceeded 4.5 million for the past year and a half, he noted. Average net earnings have risen above 10 percent and increased by 85 percent since 2010, he said, adding that this economic background provides a good basis for bearing children without the corresponding burden.

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Varga noted that households are receiving 1,900 billion forints (EUR 5.8bn) in support as part of the government’s family-friendly tax system and 1 million families have benefitted since 2010.

Featured photo by Szilárd Koszticsák/MTI