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This note presents selected findings based on the set of well-being indicators published in How's Life? 2016.
In Hungary, young people want to have bigger families, but concerns over issues like housing and striking a work-life balance appear to be obstacles. In response, the government has introduced a range of family-friendly policies–a vital step in helping families fulfil their dreams and in meeting the challenge of a rapidly ageing population.
It is a great pleasure for me to be in Budapest on a doubly important occasion. We are presenting the 2016 Economic Survey of Hungary, but also celebrating the 20th anniversary of Hungary’s accession to the OECD.
The Hungarian economy has expanded strongly in recent years, helped by robust exports and firm domestic demand. But incomes are among the lowest in the OECD and structural reforms will be needed to sustain growth over the medium term, strengthen business investment and better match skills to labour market needs, according to a new OECD report.
Hungarian economy expanding but reforms needed to boost skills, business investment and incomes
The Secretary-General presented the 2016 OECD Economic Survey of Hungary, commemorated the 20th anniversary of Hungary's accession to the OECD and met with Hungarian President János Áder and Prime Minister Viktor Orbán.
This database provides information on environmentally related taxes, fees and charges, tradable permit systems, deposit refund systems, environmentally motivated subsidies and voluntary approaches used in environmental policy in OECD member countries and a number of other countries. Developed in co-operation between the OECD and the European Environment Agency.
In 2014, Hungary’s net ODA amounted to USD 144 million, representing an increase of 13% in real terms over 2013. The ODA/GNI ratio also increased, from 0.10% to 0.11%. Preliminary data show that ODA reached USD 152 million in 2015 (0.13% of GNI).
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Hungary has the 4th highest tax wedge among the 34 OECD member countries. The country occupied the same position in 2014. The average single worker in Hungary faced a tax wedge of 49.0% in 2015 compared with the OECD average of 35.9%.
I am delighted to welcome Prime Minister Orbán to the OECD Council, just a month before the 20th anniversary of Hungary’s accession to the OECD. Today, we discussed with the Prime Minister two decades of partnership, marked by achievements but also great challenges.