Index – Economy – Government extends wage subsidies



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The scope of the borrowers of the Fast Restart Loan Program without Interest will also be extended to companies that will have to suspend their services between March 8 and 22 under the last adjustment.

The government asks the Hungarian Development Bank, which is responsible for the loan program, to work out the details and create the conditions as soon as possible. This is the fast loan, which begins with a three-year moratorium and can be requested for up to HUF 10 million, he explained. Gergely Gulyás The head of the prime minister’s presidency made a decision in Thursday’s government briefing during Wednesday’s government meeting.

Wage subsidies are extended

Gergely Gulyás also spoke about the fact that the measures that came into force on Monday pose difficulties especially for those who move in the service sector. That is why the government is extending wage subsidies to all affected sectors beyond tourism and hospitality. This will be reserved not only for the two weeks of March 8-22, but for the entire month of March.

In the same way, the monthly tax of 50/75 thousand florins will be exempted for March.

In addition, businesses and companies bound for the current forced pause will be exempt from paying the following public charges in March:

  • the employer’s contribution;
  • the soco;
  • rent payment (in state or municipal premises).

To date, more than $ 5.6 billion in wage subsidies have been paid

According to Gergely Gulyás, the government has so far paid 50,618 million florins in wages, after claiming a total of 50,857 florins. That is almost 99 percent.

(Cover Image: Tamás Sóki / Index)



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