“It has been decided the governing program will clearly specify that, depending on economic resources, the Cabinet will adopt measures to increase people’s revenues this year,” people close to the talks told MEDIAFAX.
The sources said the coalition will decide at the right time whether the revenue hikes will be achieved by direct wage and pension raises or by a cut in social security contributions.
Minister Laszlo Borbely confirmed the coalition has agreed to “prudently raise wages and pensions” depending on the country’s economic situation.
Borbely added the governing program also includes subsidies for companies hiring women with children under six and the “firm intention” to sell minority stakes in state-owned companies on the stock market.
The prime minister designate on Wednesday presented his list of nominees for the new Cabinet, for which he plans to seek a confidence vote in Parliament Thursday.