NGM: the government supports increasing labor market activity with more than HUF 460 billion

By: Trademagazin Date: 2024. 02. 07. 11:34

By 2030, more than HUF 460 billion in EU funds can help increase labor market activity, mobilize labor reserves, train those at work and improve working conditions, the Ministry of National Economy (NGM) announced in its statement on Wednesday.

The employment policy results are clear: the work-based society has consolidated, there are 1 million more people working compared to 2010, and the employed rate is 74.7 percent, thus exceeding the EU average. The government’s goal is to restore economic growth and achieve GDP growth of around 4 percent in 2024. To this end, labor market activity and the proportion of employed people must be further increased. The government’s goal is to increase the activity rate of the 15-64 age group from 78 percent to 85 percent, the NGM reminded.