Published by Global Banking & Finance Review®
Posted on November 4, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleHungary's PM Viktor Orban announces a pension top-up starting January 1, 2024, as part of economic measures ahead of the 2026 elections.
BUDAPEST (Reuters) -Hungary's Prime Minister Viktor Orban said on Tuesday his government would launch a pension top-up from January 1, stepping up his political campaign ahead of elections in 2026.
Orban said in a Facebook post that the so called "14th-month pension" would be introduced in several steps. Faced with a prolonged economic stagnation, Orban has announced tax cuts for families, wage hikes, a massive housing loan programme and other measures ahead of the election.
(Reporting by Krisztina Than)
A pension is a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
Economic stagnation refers to a prolonged period of slow economic growth, typically characterized by high unemployment and low consumer demand.
A tax cut is a reduction in the amount of tax that individuals or businesses are required to pay, often implemented to stimulate economic growth.
A housing loan program is a financial initiative that provides loans to individuals for purchasing or renovating homes, often with favorable terms.
A wage hike refers to an increase in the amount of money that workers are paid, typically aimed at improving living standards and boosting consumer spending.
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