LMP: Drop in wages ‘sign of Fidesz government’s failed crisis management’

“While gross average wages have increased by an annual 3.5 percent, inflation has risen to 5 percent over the past 12 months,” Mate Kanasz-Nagy told an online press conference. He noted that the gross wage increase also included a one-off payment of 500,000 forints (EUR 1,435) to health-care workers.

In 2020, an average Hungarian household had a monthly net income of 197,000 forints, the politician said, adding that more than one million people were making minimum wage.

LMP’s programme includes guaranteeing everyone a steady income increase instead of distributing one-off payments as “a donation”, Kanasz-Nagy said, adding that the wages of teachers and employees in the cultural and social sectors had stagnated over a long period of time.

The party promises to introduce a fairer tax policy including scrapping any tax on the minimum wage and reducing the tax on incomes up to 500,000 forints to 12 percent, the politician said.