- miniszterelnok.hu - https://www.miniszterelnok.hu/we-will-protect-families-pensioners-jobs-and-the-reduction-of-household-energy-bills-we-will-levy-a-tax-on-extra-profits/ -

We will protect families, pensioners, jobs and the reduction of household energy bills, we will levy a tax on extra profits

The most important topic of the cabinet meeting was the prolonged Russian-Ukrainian war. As a consequence of the war, the threat a new global economic crisis is on the horizon. In the war situation, the ministers led by Mr Orbán reviewed the most important and most pressing tasks facing them. “The goal is to protect families and pensioners, to protect jobs and the reduction of household energy bills, while with the introduction of the extra profit tax we will oblige large corporations that have recently amassed large profits to pay a considerable part of their extra profits into the fund for the protection of the reduction of household energy bills and the defence fund, thereby contributing to the country’s defence,” Mr Havasi reported, relating the government’s position.

According to his communication, the government adopted the provisions relating to the levying of the extra profit tax and also the 2023 budget. The government of Hungary is committed to adhering to a target deficit of 4.9 per cent for 2022 and a target deficit of 3.5 per cent for 2023 even despite maintaining the reduction of household energy bills, he wrote.