Hungary's PM Orban flags pension top-up as tough 2026 election nears

Hungary's Prime Minister Viktor Orban is pushing for a new pension top-up, aiming to give retirees an extra month's worth of payments each year, as part of his election strategy. Despite the country's struggling economy, with GDP growth projected to be between 0.6% and 1%, Orban is facing pressure to deliver on his promises. The new pension scheme, along with other election-year giveaways, could cost Hungary up to 0.6% of its GDP and may further strain the country's finances. With high inflation, stagnant interest rates, and a new center-right opposition party gaining popularity, Hungary is bracing for a potential period of political and financial uncertainty. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.