Hungary: social partners shocked by government’s announcements

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)

Through . Published on 14 June 2006 à 12h06 - Update on 26 March 2013 à 16h00

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;…

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