picture of person with Hungarian money

Along with an increase in the minimum wage set to go into effect on January 1, family benefits provided by the state will also go up, said Katalin Novák, minister without portfolio responsible for families.

24.hu summarizes the relevant changes, taken from state media agency MTI:

  • the benefit for child home care (gyod) will increase to the new monthly minimum wage, 200,000 Ft. (US $627), representing a significant increase
  • the maximum amount of the childcare benefit (gyed) and grandparents’ gyed will increase to gross 280,000 Ft. (US $877) per month
  • the amount of the “diploma” gyed for women who were studying before giving birth will also increase – those in undergraduate programs can receive up to 140,000 Ft. (US $439) monthly, while students obtaining master’s degrees can receive up to 182,000 Ft. (US $570)
  • those suffering from certain diseases, such as lactose intolerance, diabetes or celiac disease, are entitled to a tax credit equal to 5% of the minimum wage, which could be as high as 10,000 Ft. (US $31) per month next year.
  • the monthly benefit given to job seekers will be raised to an upper limit of gross 200,000 Ft.

[24.hu]

By Steven N.

Steven is the editor-in-chief of Hungarian Politics. He has been following the political scene in Hungary and the Central European region more or less since 1994.