NewsHungary's Orban: PM's pay disparity highlights economic gulf

Hungary's Orban: PM's pay disparity highlights economic gulf

Viktor Orban, Hungary's Prime Minister, receives a monthly salary of 6,300,000 forints (approximately £13,500). According to experts, this is a significant amount on a European scale.

Viktor Orban earns quite a lot of money by European standards.
Viktor Orban earns quite a lot of money by European standards.
Images source: © Getty Images | 2024 Pier Marco Tacca

According to Peter Bucsky from the Hungarian economic portal G7, quoted by RTL television, Orban's earnings are high on a European scale.

Although Orban's salary is not the highest among European leaders, Hungary has the largest disparity between the Prime Minister's income and its citizens' average standard of living.

How much does Hungarian Prime Minister Viktor Orban earn?

In mid-2023, Orban’s salary increased by over 620,000 forints (now £1,300), reaching 4,180,000 forints (£9,000). Additionally, the Prime Minister receives a parliamentary allowance. Despite high earnings, the Prime Minister’s savings are relatively modest, as noted by Hungarian media. This year, Orban declared savings of 10,000,000 forints (£21,000), a decrease of 4,000,000 forints compared to the previous year.

In last year’s asset declaration, the Hungarian Prime Minister reported two properties: one in Budapest and one in Felcsut in northern Hungary, where he grew up. Additionally, he reported a liability of 14,000,000 forints (£30,000) to a credit institution on a joint account with his spouse.

At that time, the media reported that Orban "does not own a car, boat, plane, or any other movable property, nor is he a shareholder in any company or does he have money in a private equity fund".

In Hungary, the Prime Minister’s salary is tied to the salary of the Speaker of Parliament, which automatically increases with the rise in the average gross wage in the country.

Related content
© Daily Wrap
·

Downloading, reproduction, storage, or any other use of content available on this website—regardless of its nature and form of expression (in particular, but not limited to verbal, verbal-musical, musical, audiovisual, audio, textual, graphic, and the data and information contained therein, databases and the data contained therein) and its form (e.g., literary, journalistic, scientific, cartographic, computer programs, visual arts, photographic)—requires prior and explicit consent from Wirtualna Polska Media Spółka Akcyjna, headquartered in Warsaw, the owner of this website, regardless of the method of exploration and the technique used (manual or automated, including the use of machine learning or artificial intelligence programs). The above restriction does not apply solely to facilitate their search by internet search engines and uses within contractual relations or permitted use as specified by applicable law.Detailed information regarding this notice can be found  here.