Hungary’s parliament has unanimously slashed lawmakers’ salaries by 40%, a move championed by Prime Minister Peter Magyar to curb spending and mend public finances. This significant pay cut, effective next month, also impacts other high-ranking officials and allowances, fulfilling a key reform promise. The government aims to stabilize its economy and secure EU funds. Hungary’s parliament has unanimously slashed lawmakers’ salaries by 40%, a move championed by Prime Minister Peter Magyar to curb spending and mend public finances. This significant pay cut, effective next month, also impacts other high-ranking officials and allowances, fulfilling a key reform promise. The government aims to stabilize its economy and secure EU funds.
