The Budapest Assembly accepted the municipality’s 2022 budget on Wednesday, forecasting just over 297 billion forints (EUR 809m) in budget revenues and just below 411 billion forints in expenditures.
The assembly voted with 18 votes in favour and 11 against the proposal. The municipality allocated 6.1 billion forints for loan repayments. According to the budget, the municipality’s deficit next year will stand at just over 119.7 billion forints. The deficit will be funded from loans, bonds and revenues from deposits, the decree said.
The Budapest municipality’s 2022 budget is 50 billion forints (EUR 136m) in the red, and it could only be offset by government funding or loans, the leader of the opposition Socialist party’s chapter in the city assembly said on Wednesday.
- Read also:
Speaking ahead of a regular assembly meeting, Csaba Horváth accused the government of “creating a situation where the municipality is
forced to plan a budget with a 50 billion forint hole.”
The city will remain operational only over the next six months unless the deficit is funded, he said.
Horváth said the city was “left with overdue development projects worth some 1,000 billion forints from the past 12 years”, which warrants a new agreement with the government to restore balance to the city’s finances, he said.
Horváth also called on the government to take over one-third of the funding of Budapest’s public transport.
Regarding the issue of the alleged sale of City Hall, Horváth said the mandate of the investigative committee will be extended by a month “to ensure a fair investigation”. “Should no evidence surface during that period of time, we can conclude that [the allegations] were …
a Fidesz lie,”
he said.
People protesting against the alleged sale of Budapest’s City Hall on today’s assembly.
Photo: MTI/Attila Kovács
Read also3 crazy and fun museums you must see in Budapest
Source: MTI
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
Here’s how MÁV would improve its services in Hungary in the future
Orbán cabinet: Hungary should be bridge between West and the East in automotive industry
Top Hungary news: Budapest traffic paralyzed, Woody Allen’s message, Wizz Air, wage rise – 5 October, 2024
Hungarian central bank launches new 200-forint coin alongside commemorative coins – PHOTOS
Alternative energy company inaugurates battery storage facility in W Hungary
Türkiye’s fashion giant Koton opens first store in Hungary, with more to come – PHOTOS
1 Comment
If the far-left opposition didn’t steal everything …..