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Mihály Varga affirmed that the actors of the sector indicated that although the favorable measures so far have been of great help for their survival, they need more help to protect jobs by prolonging the emergency. Therefore, the government has decided to extend the wage subsidy until January.
The government has also decided that if measures are later taken by sector actors, the measures can be extended, according to the video from the finance minister.
According to the minister, the current measure affects companies operating in the hospitality, accommodation, arts, entertainment and leisure sectors.
This protects 140,000 jobs, the government said. He also mentioned that the tax and contribution reductions will be maintained by the government. Thus, companies that operate in the sector are exempt from paying employer taxes.
A major addition to that
the government will extend the measures taken so far to travel companies.
“The aim is for the Hungarian tourism sector to participate effectively in the relaunch of the economy. To do this, we now need to help them survive on the budget side and preserve jobs,” he explained.
Cover Image Source: Ministry of Finance
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