Since 2010, Hungary has implemented a variety of policies, including zero-interest “baby-expecting” loans and debt forgiveness for couples with children, personal income tax relief for mothers, and housing support for married couples, in an effort to reverse demographic decline. Hungary spends around 5 percent of GDP on family subsidies, and the OECD ranks Hungary among the top five OECD countries overall in public spending on family benefits.
But as you can see from the chart above, the results have been unimpressive, and they are nowhere near their goal of raising TFN back to the replacement level of 2.1. Last year Hungary recorded 127,500 deaths and 77,500 births.
4 comments:
I dunno, maybe Hungarian people living under the rule of an authoritarian dictator and unhinged conspiracy theorist who has aligned himself with Putin's Russia aren't feeling particularly hopeful for the future...
Compare with neighbouring countries in CEE.
Hungary is a little above average for Europe, but France and Norway both do better without spending nearly as much on subsidies.
John, but neither France nor Norway are comparable here, thats why i said about CEE. You should look at Slovakia, my Poland or Czechia.
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