Category: Mortgage

Parliament can decide today to help foreign currency borrowers and change the 2015 budget

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At its sitting today, Parliament can decide on foreign currency loans to be converted into forint and the government proposes fair banks, and it can change its budget proposal for next year on the initiative of its representatives.

Which would be followed by voting time

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Parliament can then decide on proposals for the conversion of foreign currency loans into forint and for fair banks. László Trócsányi, Minister of Justice, said at a press conference on Friday that the government will keep to what it had promised, with installments to be reduced by 25-30 percent.

The head of the ministry also noted that they leave clients with a wide range of options: those who receive payments in foreign currency or expire by the end of December 2020, or are denominated in Yen or VIP, may choose to keep their foreign currency loans and not live forint conversion.

The minister said about the bill on forint conversion

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It had to take into account the initial interest rate premium when taking out a foreign currency loan and basically assumed that the original interest rate premium would be restored. At the same time, a minimum interest rate premium of one per cent and a maximum have been set: 4.5 per cent for home loans and 6.5 per cent for free loans.

In the government’s view, this will also improve the position of foreign currency debtors – stressed László Trócsányi.
More than 500 amendments to the budget for next year are expected to be voted on, including the 60-70 pro-government change proposals they include. These include, for example, the proposal that a total of five Fidesz and Christian Democrat politicians would provide hundreds of millions of dollars in non-recoverable costs for public utility chimney sweepers.
In addition, Members can adopt new laws on scientific research, development and innovation and European associations.

For the rest of the session

For the rest of the session

Minister of Human Resources, could start discussing amendments to the Public Education Act that, if requested, would not allow students to repeat grades in grades higher than first grade and transfer educational and vocational services to the Education Office.
Zoltán Balog’s social change initiative, which would prohibit cage fighting involving children under the age of 14, along with more child protection measures, is also on the agenda.
A general debate may also begin with the motion for the Parliament to award the title of Villages of Loyalty to settlements in West Hungary returning to Hungary after World War I.
The House will also meet on Wednesday, when MEPs may debate a number of submissions that affect the trawlers and other players in the tobacco industry.

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