Government launches steps to support economic recovery

The government’s economic cabinet has discussed a package of measures, including family tax breaks and support for home purchases, aimed at supporting economic recovery, the national economy ministry said on Wednesday. The measures also include a vocational training credit for Hungarian 17-22 year-olds, allowing household savings for buying homes tax free, and various subsidies for investments by small and medium-sized firms. They agreed that increasing support for families, small businesses and youth living in rural areas would underpin a fast rate of growth. The draft measures will be submitted at a full cabinet meeting in September.