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Hungary to give life tax exemption to women with 4 children

Feb 12, 2019 15:04 IST

Hungary's Prime Minister Viktor Orban has announced new measures, under which increasing financial aid and subsidies will be provided to families that have more than three children. The measures are meant to encourage women to have more children and to reverse Hungary's population decline.

Hungary to give life tax exemption to women with 4 children

Hungary's Prime Minister Viktor Orban on February 10, 2019 announced new measures, under which increasing financial aid and subsidies will be provided to families that have more than three children.

The measures were announced by the Prime Minister during his "state of the nation" speech. They are meant to encourage women to have more children and to reverse Hungary's population decline.

Objective

The new policies are aimed at reversing Hungary’s downward demographic trends.

Key Highlights

The Hungarian government has decided to provide a lifetime income tax exemption for women who give birth to at least four children.

The government has also proposed the introduction of a subsidy worth 8,825 US dollars towards the purchase of a seven-seat vehicle for families with three or more children.

It has also announced a seven-point plan to increase the fertility rate in the country.

It has also promised to extend home loans to families with at least two children.

Besides, a low-interest loan of 35,300 US dollars for women under the age of 40 who are marrying for the first time has also been proposed.

The government has also decided to build 21,000 nurseries across the country in three years and provide grandparents with free childcare if they are raising their children’s children.

Hungarian children, not immigrants: Orban

Hungarian Prime Minister Viktor Orban’s new measures aren’t just aimed at increasing Hungary’s declining birthrate. They are also aimed at limiting the country’s immigration and diversifying its population.

According to Orban, while the West is responding to declining birthrate with migrants from other continents, in Hungary, they do not need numbers, but Hungarian children.

With the European Parliament elections set for May, Orban said that unchecked immigration would create mixed populations in countries that Muslims eventually would dominate and Christians quickly would become a minority.

Orban has made “zero tolerance” for immigration his main theme in the past four years and was elected to a third consecutive term in April 2018. According to him, the initiative is meant to ensure the survival of the Hungarian nation.

The right-wing nationalist has also repeatedly vowed to make Hungary a Christian homeland.

He has also built high-tech border fences to curb migration and has said that Middle Eastern immigrants should be viewed as Muslim invaders rather than refugees.

Protests

Following Orban’s speech, several hundred members and supporters of Hungary's main opposition parties held an anti-Orban rally in Budapest.

The event also was aimed at protesting recent heavy fines the state audit office imposed on several opposition parties. A small group of protesters used their cars to block traffic from crossing the Chain Bridge over the Danube River for most of the day.