Hungary grants large loans, tax exemptions and financial facilities to citizens
Hungary grants large loans, tax exemptions and financial facilities to citizens

The Hungarian government offers several large financial facilities and tax exemptions for spouses, with the aim of encouraging greater childbearing to make up for the shortfall in the population.

The Hungarian government has decided to grant financial facilities to spouses, with the aim of encouraging greater childbearing, to make up for this gap.

For his part, Hungarian Prime Minister, Viktor Orban, announced that any Hungarian mother of four or more children will be exempt from income tax for life, as part of government plans to increase the number of births.

The plans include granting low-interest loans to young husbands and wives, to be waived as soon as they have three children.

The Prime Minister stressed that the financial facilities come as a way to protect the country's demographic future without the need to rely on immigration.

Urban, known to be anti-immigration, announced a set of measures, including tax cuts and support for families, to help them have more children.

 In a move considered to address the problem of declining population in his country instead of resorting to receiving immigrants.

In his speech on the state of the nation in Budapest, Urban said the May elections for the European Parliament are "a historic crossroads" for Europe.