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Hungary tries for baby boom with tax breaks and loan forgiveness

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Hungarian Prime Minister, Viktor Orban, has announced that women with four or more children will be exempted for life from paying income tax.
Unveiling plans designed to boost the number of babies being born, Mr Orban said it is a way of securing Hungary’s future without depending on immigration.
Hungary’s population is falling by 32 thousand a year, and women there have fewer children than the EU average.
As part of the measures, young couples will be offered interest-free loans of 10 million forint or 36 thousand dollars, to be cancelled once they have three children. The Prime Minister said “For every missing child there should be one coming in and then the numbers will be fine.”

SourceBBC NEWS

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