Prime Minister Ludovic Orban said on Monday that pensions will increase because the necessary amounts are earmarked in the state budget, but that whether child allowances will rise depends on the available financial resources, because the budget deficit must not be affected. "We will increase the pensions, we'll raise child allowances.
Over 4 million workers and pensioners insured with the country's main and auxiliary social security funds (EFKA and ETEAEP) can expect to see changes and shifts in their pensions and incomes judging by the blueprint the Labor Ministry is expected to send to the General Secretariat of the government on Wednesday, before heading to Parliament.
As part of its goal to ease the burden on businesses and to increase disposable incomes, the government has made the final tweaks to its four-year plan to gradually reduce wage contributions.
The plan has been incorporated into the social security bill which will be ratified in Parliament in January and is expected to take effect in July.