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Smaller Wage Increases than Expected, but the Government Will Give Them to Many Workers, While Others Will Remain Silent

Summary by economx.hu
Everyone was anxiously waiting to see what wage increases Péter Magyar would announce when he presented the budget for 2027. The percentages were lower than expected and promised, but there was also the reduction in personal income tax from 15 to 9 percent.
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Péter Magyar announced wage increases in several areas. However, not everyone is satisfied with the amount, including healthcare professionals.

If Tisza were to keep its election promise, the minimum wage would increase from this year's 322,800 forints to 533,600 forints next year. It can already be stated that this will not happen, and in fact, the much smaller increase included in the three-year wage agreement concluded in 2024 is also highly doubtful. The issue of the minimum wage may be made particularly acute by Prime Minister Péter Magyar's speech on Monday.

·Budapest, Hungary
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Everyone was anxiously waiting to see what wage increases Péter Magyar would announce when he presented the budget for 2027. The percentages were lower than expected and promised, but there was also the reduction in personal income tax from 15 to 9 percent.

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According to Péter Magyar's announcement, the personal income tax payable up to the minimum wage will be reduced from 15 to 9 percent from January 1, 2027. Based on today's minimum wage, this means an extra 19,368 forints per month, and not only for minimum wage earners.

Az igazságosság és a fejlődés költségvetése, Magyarország újjjáépítésének a költségveté lesz a 2027-es büdzsé - mondta Magyar Péter miniszterelnök az Országgyőlés hétfői ülésén, napirend előtt. A Magyar Péter elárulta a részletket: Nagy segitséget kapnak a minimálbérből élők bejegyzés először Most Hír-én jelent meg.

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mosthir.hu broke the news on Monday, October 19, 2026.
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