In the past 10 years, Hungary has managed to become one of the countries with greater financial security, Parliamentary State Secretary at the Ministry of Human Capacities Bence Rétvári said on local television.
Data released by the EU’s statistical office at the end of 2020 show that 21 percent of the European Union’s population, some 92.4 million people, were at risk of poverty in 2019. The Czech Republic had the lowest rate (12.5 percent), while Bulgaria had the highest rate, where one in three people were affected.
Hungary was in the middle of the EU ranking. The risk of poverty and social exclusion for Hungarians fell to 18.9 percent in 2019 versus 19.8 percent the previous year. The Hungarian data for 2019 are almost three percentage points more favorable than the EU average, and the country has overtaken countries such as Italy, Portugal, Belgium, Luxembourg, Ireland and Spain.
In 2014, the government froze the price of electricity and district heating, Rétvári said, adding that utility costs are today a problem for a third of those burdened by such expenses ten years ago. Additionally, while 10 years ago, paying housing costs was a problem for one in four people, now that rate has dropped to 10 percent.
In 2010, when the second Orbán government took office, the proportion of people living in deep poverty was 23.4 percent, according to the European Union’s statistical office. Now, it has fallen to 8.7 percent.