The Council of Ministers stated that for the dynamic growth of the Hungarian economy, it is particularly necessary to support Hungarian families, rural youth and local small and medium-sized enterprises.
The Economic Council of Ministers discussed the conditions for restarting the economy and the restart action plan that is being developed. As part of the action plan targeting the general public, His Highness reviewed the professional loan for young people aged between 17 and 22 years, Increased family tax exemption and possible steps regarding home construction.
The Cabinet also discussed how to make long-term fixed savings optional.
Depending on the decision of the residents, to use it tax-free for the purpose of building a house.
As part of the measures affecting SMEs, the Cabinet discussed the 1+1 programme, which specifically supports SME investments, as well as the programme that promotes the digitisation of SMEs to ensure that each SME has its own website and email address. In addition, the Economic Cabinet reviewed measures to improve SME financing, as well as potential new loan, capital and guarantee programmes, the announcement said.
The Hungarian economy is in a difficult position, and the government has just revised its growth forecast to 1.5%-2% from the previous 2.5%.
Cover image is an illustration. Cover image source: Portfolio
