Hungary's Prime Minister Advocates for Strengthening the Middle Class by 2025
Viktor Orbán outlines future economic goals following a decade of unprecedented middle-class growth prior to the COVID-19 pandemic.
Hungary's Prime Minister Viktor Orbán recently emphasized the country's economic objectives for 2025, focusing on fortifying the middle class and elevating lower-income groups into this socio-economic category.
The prime minister's remarks in a radio interview highlighted the aim for Hungary's economic policy to replicate its pre-COVID success in expanding the middle class.
Government commissioner László György corroborated this perspective in a social media post, noting that the period before the pandemic marked an unprecedented decade of middle-class expansion in Hungary's economic history, adding that close to two million individuals ascended to the middle class from 2011 to 2021, as defined by stringent criteria.
The criteria for middle-class membership, as described by Orbán, include owning property, having independent income, and earning enough to maintain a family throughout the month.
György elaborated that those included under this strict definition should also possess a desire for intellectual and spiritual development.
According to György's analysis in his book "The Revolution of the Middle Class," the percentage of the Hungarian populace considered middle class increased from 34.9% to 54.6% over the decade.
During the radio interview, Orbán reiterated the significance of ensuring employment for everyone that sustains family livelihoods, stressing a need for economic policies that enable upward mobility.
He noted that fostering the middle class involves working to improve one's circumstances rather than merely preventing decline.
The discussion also touched on challenges impeding middle-class growth, particularly the external adversities of recent years, including the conflict in Europe and the COVID-19 pandemic.
György emphasized that despite these challenges, Hungary managed to rank among the top five European countries in reclaiming pre-pandemic economic performance and maintaining employment rates.
Looking forward, György pointed to the development of a knowledge-based economy as essential for the future.
He accentuated that sustainable growth, both economically and spiritually, can be secured through efforts rooted in work and knowledge.
Furthermore, he suggested that once peace is achieved in Europe, individuals could anticipate further opportunities for advancement through their professional contributions.
The prime minister's remarks in a radio interview highlighted the aim for Hungary's economic policy to replicate its pre-COVID success in expanding the middle class.
Government commissioner László György corroborated this perspective in a social media post, noting that the period before the pandemic marked an unprecedented decade of middle-class expansion in Hungary's economic history, adding that close to two million individuals ascended to the middle class from 2011 to 2021, as defined by stringent criteria.
The criteria for middle-class membership, as described by Orbán, include owning property, having independent income, and earning enough to maintain a family throughout the month.
György elaborated that those included under this strict definition should also possess a desire for intellectual and spiritual development.
According to György's analysis in his book "The Revolution of the Middle Class," the percentage of the Hungarian populace considered middle class increased from 34.9% to 54.6% over the decade.
During the radio interview, Orbán reiterated the significance of ensuring employment for everyone that sustains family livelihoods, stressing a need for economic policies that enable upward mobility.
He noted that fostering the middle class involves working to improve one's circumstances rather than merely preventing decline.
The discussion also touched on challenges impeding middle-class growth, particularly the external adversities of recent years, including the conflict in Europe and the COVID-19 pandemic.
György emphasized that despite these challenges, Hungary managed to rank among the top five European countries in reclaiming pre-pandemic economic performance and maintaining employment rates.
Looking forward, György pointed to the development of a knowledge-based economy as essential for the future.
He accentuated that sustainable growth, both economically and spiritually, can be secured through efforts rooted in work and knowledge.
Furthermore, he suggested that once peace is achieved in Europe, individuals could anticipate further opportunities for advancement through their professional contributions.
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