Mihály Varga said:
families raising children have already saved nearly HUF 220 billion in Baby Bonds.
In the post, the Minister of Finance also touched on why the Baby Bond is beneficial: any amount can be set aside every month; the interest rate is the previous year’s inflation plus 3 percent (currently 17.5 percent) and the state provides an additional 10 percent, but also a maximum of HUF 12,000 special support each year. There is no account management fee for the policy, which can also be opened online, and it is free of taxes, contributions and duties.
He added:
the government provides HUF 42,500 start-of-life support for every newborn child.
The government will protect family benefits even in dangerous times, the budget will continue to provide the necessary resources – concluded the minister of finance.
