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LMP: DROP IN WAGES 'SIGN OF FIDESZ GOVT'S FAILED CRISIS MANAGEMENT'

 

Real wages have started to decline in Hungary for the first time in 12 months which “goes to show that the Fidesz-led government has failed in its pandemic-related crisis management efforts”, according to the co-leader of opposition LMP. “While gross average wages have increased by an annual 3.5%, inflation has risen to 5% over the past 12 months,” Máté Kanász-Nagy told an online press conference. He noted that the gross wage increase also included a one-off payment of 500,000 forints (EUR 1,435) to health-care workers. In 2020, an average Hungarian household had a monthly net income of 197,000 forints, the politician said, adding that more than one million people were making minimum wage. LMP’s programme includes guaranteeing everyone a steady income increase instead of distributing one-off payments as “a donation”, Kanász-Nagy said, adding that the wages of teachers and employees in the culture and social sectors had stagnated over a long period of time. The party promises to introduce a fairer tax policy including scrapping any tax on the minimum wage and reducing the tax on incomes up to 500,000 forints to 12%, the politician said.