Posted on November 27, 2019

Hungary Government Scheme Sparks Marriage Boom. Will Babies Follow?

The New York Times, Reuters, November 26, 2019

Pregnant Woman

Credit Image: © Andrew Matthews/PA Wire via ZUMA Press

A new Hungarian government scheme to promote marriage and childbirth with subsidized loans has already helped produce a boom in weddings, though it is still too early to say whether more babies will follow.

Nationalist Prime Minister Viktor Orbán has made it a priority to persuade more Hungarians to marry and have children to reverse a population decline. He has introduced a number of tax benefits and other programmes to favor families.

A big new scheme this year offers couples that marry before the bride’s 41st birthday subsidized loans of up to 10 million forints ($33,000). A third of the loan will be forgiven if they go on to have two children, and the entire debt wiped out if they have three.

The central statistics office (KSH) said there had already been a 20% surge in the number of people getting married during the first nine months of this year.

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