Orbán Viktor Announces Tax Exemptions and New Economic Initiatives in Annual Address
The Prime Minister's 26th annual address highlights significant tax reforms for families, measures against rising food prices, and tougher stances on LGBTQ+ rights and foreign influence.
In his 26th annual address delivered on Saturday, Hungarian Prime Minister Viktor Orbán announced several new initiatives, including tax exemptions for women raising at least two children.
The exemption is part of broader family support reforms that will also double family benefits.
The financial relief for mothers with three children will be introduced in 2025, while those with two children will see the measure implemented in 2026.
Orbán addressed the rising prices of food, instructing Economic Minister Márton Nagy to engage in discussions with retail chains to halt the increases.
He emphasized that if negotiations fail, the government would consider introducing price controls or limiting profit margins.
Additionally, it was announced that pensioners would receive VAT refunds on certain food products, such as vegetables, fruits, and dairy, up to a specified monthly amount.
The Prime Minister also remarked on the country's stance towards LGBTQ+ rights, suggesting that the constitution be amended to define an individual strictly as either male or female.
He implied that public events like Pride marches could face prohibition, advising organizers against proceeding with their plans.
A significant portion of Orbán's address focused on foreign influences, particularly targeting what he referred to as the 'Soros network' in Hungary.
He stated that by Easter, efforts would be made to dismantle this influence, proposing increased governmental oversight on foreign-funded organizations.
On the topic of Ukraine's potential EU membership, Orbán declared that Ukraine would never join the European Union at Hungary's expense, asserting that such an outcome would harm Hungarian farmers and the national economy.
Orbán announced the launch of a 'One Hundred New Factories' program, aimed at bolstering domestic production and economic resilience.
He criticized previous comments by opposition leaders, who had dismissed the value of factories established in Hungary.
Additionally, he affirmed the continuation of the 13th-month pension and utility bill reductions, reasserting the government's commitment to these financial aids.
The Prime Minister called for an intensified campaign against drug trafficking, directing Minister of Interior Sándor Pintér to address what he described as a serious crisis involving various harmful substances.
As part of ongoing economic initiatives, he referred to 2025 as a potential breakthrough year for the country, expressing optimism over economic growth and development.
Orbán's address took place in a heavily secured environment, with barriers erected around the event venue, Várkert Bazár, as invited guests arrived.
This edition of the address marks a significant moment in Hungarian politics, following a tumultuous year of leadership changes and rising inflation.
The exemption is part of broader family support reforms that will also double family benefits.
The financial relief for mothers with three children will be introduced in 2025, while those with two children will see the measure implemented in 2026.
Orbán addressed the rising prices of food, instructing Economic Minister Márton Nagy to engage in discussions with retail chains to halt the increases.
He emphasized that if negotiations fail, the government would consider introducing price controls or limiting profit margins.
Additionally, it was announced that pensioners would receive VAT refunds on certain food products, such as vegetables, fruits, and dairy, up to a specified monthly amount.
The Prime Minister also remarked on the country's stance towards LGBTQ+ rights, suggesting that the constitution be amended to define an individual strictly as either male or female.
He implied that public events like Pride marches could face prohibition, advising organizers against proceeding with their plans.
A significant portion of Orbán's address focused on foreign influences, particularly targeting what he referred to as the 'Soros network' in Hungary.
He stated that by Easter, efforts would be made to dismantle this influence, proposing increased governmental oversight on foreign-funded organizations.
On the topic of Ukraine's potential EU membership, Orbán declared that Ukraine would never join the European Union at Hungary's expense, asserting that such an outcome would harm Hungarian farmers and the national economy.
Orbán announced the launch of a 'One Hundred New Factories' program, aimed at bolstering domestic production and economic resilience.
He criticized previous comments by opposition leaders, who had dismissed the value of factories established in Hungary.
Additionally, he affirmed the continuation of the 13th-month pension and utility bill reductions, reasserting the government's commitment to these financial aids.
The Prime Minister called for an intensified campaign against drug trafficking, directing Minister of Interior Sándor Pintér to address what he described as a serious crisis involving various harmful substances.
As part of ongoing economic initiatives, he referred to 2025 as a potential breakthrough year for the country, expressing optimism over economic growth and development.
Orbán's address took place in a heavily secured environment, with barriers erected around the event venue, Várkert Bazár, as invited guests arrived.
This edition of the address marks a significant moment in Hungarian politics, following a tumultuous year of leadership changes and rising inflation.
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