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5th June, 2018

Gov’t to provide Ft 3bn for student summer jobs

The finance ministry will provide Ft 3 billion to municipalities and municipally-owned companies for the summer employment of students aged 16-25, Finance Minister Mihály Varga announced on Monday.

The programme, launched in 2013, has been extended to new areas, as it offers funding to agricultural and catering businesses that employ students, in order to meet the strong demand for labour, Varga added.

The programme is expected to support the employment of 25,000-30,000 students this summer, similar to last year.

For municipalities, the funding fully covers student wages. In the case of farm and catering businesses, 75% of student wages and the related social contribution tax will be refunded to the employer.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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