During a scheduled press conference, Gergely Gulyás said the government expects inflation to drop significantly by the end of November. Regarding the frozen EU funds, he noted that Hungary is obviously functioning without them as well.
The minister highlighted that Brussels has requested a further 98.5 billion euros in contributions from the member states, which is fifteen times the total annual personal income tax revenue in Hungary and roughly equals the entire annual Hungarian state budget.
Minister Gulyás announced that the maximum amount of the childbirth incentive loan (Babaváró hitel) will increase to 11 million forints. This change will come into effect in 2024 and will apply to couples where the woman is under 30 years old. also announced that the food price caps will be extended for one more month, but they will be phased out as of August as they have fulfilled their purpose. Forecasts indicate that inflation is decreasing. At the same time, food retailers mandatory discounts will be increased from 10 to 15 per cent.
After reviewing the energy situation at the cabinet meeting on Wednesday, the government determined that all necessary resources are at its disposal to keep in place the utility cost reduction programme for households with average energy consumption.