The total cost of such a subsidy was 5% of the country’s GDP, and the economic growth rate was 0.1% compared to last year.
Prior to the 2026 parliamentary election, Hungarian prime minister Viktor Orban announced the initiative aimed at supporting public servants with housing subsidies. This program provides for annual assistance to one million forint (about $ 3 thousand) of workers’ groups, including doctors, nurses, teachers, police, soldiers and other state representatives. On Thursday, July 31, the Reuters reported.
According to the publication, the final version of this plan, according to Orban, is expected in August this year. He emphasized that subsidies can be used to repay existing mortgage debts or as an initial contribution for a new housing loan.
This initiative is one of the components of a broader government election approach, which is designed to increase population support. According to forecasts, the total cost of such subsidies next year will be 4.8 trillion forces ($ 13.71 billion), which corresponds to 5% of the country’s GDP.
At the same time, the Hungarian government recently changed its borrowing plan, as weak economic growth indicators have been forced to seek additional financing sources. In the second quarter of 2025, the Hungarian economy showed the minimum growth rate – only 0.1% compared to last year. In addition, the expected annual growth for 2025 adjusted from 2.5% to a moderate 1%.
Earlier, Orban announced Zelensky’s “mistakes”. In his opinion, the latter would “make wrong decisions” about the war in Russia.
It is also reported that Viktor Orban said the “greatest threat” for his country was the entry of Ukraine into the European Union.
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Source: korrespondent

I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.