Hungary -Household income declined rapidly -April 11, 2014

According to the country specific social indicators in the OECD-report Society at a Glance 2014 real public social expenditure dropped by 11% between 2007/08 and 2012/13.

According to the country specific social indicators in the OECD-report Society at a Glance 2014 real public social expenditure dropped by 11% between 2007/08 and 2012/13. Social spending as a percentage of GDP has declined to a level slightly below the OECD average. The average disposable income is among the lowest within the OECD. And although relative poverty is low, with a poverty rate of 6.8% (compared with the OECD average of 11.3%), the share of the population reporting that they cannot afford to buy sufficient food has increased more than in any other OECD country.

English: http://budapesttimes.hu/2014/04/11/fact-and-fiction/

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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