The Hungarian government believes the country’s economy and the state budget are struggling because of the Hungarian people’s low consumption rate. The Orbán cabinet thinks they should somehow facilitate the release of savings, which statistics show to be high. Therefore, the Economic Cabinet is discussing an initiative allowing savings to be spent on home buying tax-free.
Property prices in Hungary may skyrocket again
According to G7.hu, the VAT revenue of the state budget is EUR 1.27 billion lower than calculated during the budget planning. Some experts believe one of the main…
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