Budapest, September 24 (MTI) – Hungary’s government submitted a bill to parliament on Thursday raising the allocation in the 2015 budget for “extraordinary government measures” by 60 billion to cover the cost of managing the migrant crisis.
The bill’s authors said that the earlier 100 billion forint allocation for extraordinary government measures had been all but spent, including 30 billion that had already gone towards managing the migrant crisis.
The extra spending will be balanced by a 36 billion forint increase in the budget target for VAT revenue and a 25 billion rise in the target for revenue from excise tax, leaving the budget deficit unchanged.
In a separate paragraph, the bill would also mandate the state to take over up to 47.1 billion forints in debt from the Media Service Support and Asset Management Fund (MTVA).
The government will allocate 35 billion forints (EUR 110m) extra resources on handling the pressure of migration, of which 18.7 billion forints will be made available to the interior ministry and 16.4 billion forints to the defence ministry, the official gazette Magyar Kozlony said on Thursday.
In line with the government decision, the extra allocation in the 2015 budget will be on top of the funding previously made available for building the temporary border fence and handling the pressure of migration.