Hungary: social partners shocked by government’s announcements

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Publication

14 June 2006 à 08h12

Updated on 26 March 2013 à 16h00

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Publication: 14 June 2006 à 08h12, Updated on 26 March 2013 à 16h00

Reading time: 3 minutes

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On June 10, before the assembly of the OÉT ( national Council for the Conciliation of Interests) gathering social partners, Prime Minister Ferenc Gyurcsány officially announced the program of his new government, which contains a strong policy of austerity. (réf. 06603)
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Publication

14 June 2006 à 08h12

Updated on 26 March 2013 à 16h00

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3 minutes

Publication: 14 June 2006 à 08h12, Updated on 26 March 2013 à 16h00

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The main measures of the program named Nouvel balance are as follows: increase of the VAT from 15 to 20%, food being part of this category; reduction of tax deductibles for employees; raising of gas prices by 30%, that of electricity by 15%; almost all employer taxes and contributions will increase; 12500 civil servants will be laid off, especially within ministries.

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