Hungarian Parliament Will Significantly Cut Salaries Today
All 189 representatives present backed the measure as the ruling Tisza party sought to trim parliamentary costs.
- On Monday, Hungarian lawmakers unanimously voted to slash their incomes and allowances as Prime Minister Peter Magyar sought to reduce administrative costs. All 189 representatives present in the 199-member legislature approved the Tisza Party bill.
- Critics previously accused former Prime Minister Viktor Orban of providing high salaries to placate opposition deputies, a practice Magyar campaigned against after winning April 12 elections by a landslide.
- Under the new legislation, deputies' monthly base salaries will decrease by 40 percent to 3,690 euros before taxes starting next month, remaining double the average national wage.
- Parliament also debated a bill submitted by Tisza lawmakers to suspend foreign currency loan lawsuits and enforcement proceedings, addressing banking sector disputes.
- Speaker of Parliament Forsthoffer stated the current asset declaration system is 'obsolete and deficient,' noting that new mechanisms must meet European Union funding requirements by early next year.
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In addition, MPs will be completely eliminated from reimbursement of telephone expenses, and the allowances they received for renting offices, apartments, and staff will be reduced.
The Hungarian parliament has unanimously approved a bill proposed by Prime Minister Peter Magyar's ruling Tisza party to cut MPs' salaries. Starting next month, MPs' basic gross salaries will be cut by 40 percent, to €3,690.
Hungary's new government under Prime Minister Péter Magyar has brought about a significant reduction in the number of deputies, which is intended to relieve the state budget – and underline the break with the Orbán era.
How much less will Hungarian legislators earn after parliament's decision? Hungarian legislators unanimously voted to significantly cut their own salaries and eliminate a number of benefits. This decision was initiated by new Prime Minister Péter Magyar to achieve radical budget savings, RBC-Ukraine reports, citing Daily News Hungary. Parliamentary salaries will fall starting next month. A member's basic salary will be reduced by 40 percent. Pol…
MEPs in Budapest agreed on Monday to reduce their revenues by 40% to help improve the state of public finances and to convey the image of features required by the new Prime Minister, Péter Magyar, in a tense budgetary context, reports AFP.
It's about modesty, the conservative prime minister told RTL last month in order to justify this measure, which was unanimously approved by the 189 MPs present.
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