Hungarian hospitals in enormous debts

The debt has increased by 4.6 billion forints (over 13 million euros) in just one month.

The coronavirus pandemic hit hard in case of many businesses; unfortunately, social security is not an exception either. Numerous Hungarian hospitals accumulated an enormous amount of debt.

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Napi.hu writes that by the end of July,

Hungarian hospitals, together with all their institutions, had an almost unimaginable debt of 46 billion forints (over 131 million euros)

towards their providers. Based on the data of the Hungarian Treasury, this amount increased by 4.6 billion forints (over 13 million euros), just over the course of one month. The average augmentation is around 5.4 billion forints (15 and a half million euros) per month.

The current total reaches the amount hospitals owed at the end of last November before the government stepped in with a fiscal consolidation plan to stabilise the debt.

Considering those bills, as well, that have a 60-day deadline,

companies already have been waiting for 8-9 months to receive the money for their services or equipment provided.

Hospitals practically have been unable to pay ever since.

According to Index, the general secretary of the Association of Medical Technology László Rásky says that

if the rhythm of the increase does not change, the debts will surpass 60 billion forints when reaching November.

In a previous article back in May, Index wrote that the actual debts at that point stood at 32.7 billion forints (over 93 million euros). It has been steadily increasing since the beginning of this year when this number was “only” 19.4 billion forints (55 and a half million euros).

Interestingly, this high increase in July came to be while treating Covid patients did not really mean an extra burden anymore. The average number of patients tended to in hospitals due to the virus fell under 100 per day. Moreover, the capacity of the institutions on which they had worked before the pandemic has not been reinstated yet. They all operate on a relatively moderate level. It shows that the current financial allocation is so tight that it barely covers the wages and the basic costs.

The most important question is whether this complicated situation could influence the services provided by hospitals in the country, which would, of course, directly affect any citizen in need of care.

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Source: index.hu, napi.hu

2 Comments

  1. Yet the government has money to waste on building a university for the Chinese – Fudan, and money to burn paying for railway line from Budapest to Belgrade that no one wants or needs and that will never break even. Interesting priorities. But of course those 2 projects involve construction and well all know who profits from government construction contracts….

  2. Wow – just keep watching the PROPAGANDA show folks.
    It’s going to be an interesting ride ///.
    Lot hapening in the background that will mind blow lots of people but each to there own and support vote who we think ticks the boxes to Govern and Rule to our prefered way of life.
    Volitile uncertain challenging times for Hungary – under a global watchful eye but we, the 9.6 million citizens of Hungary call the shots come National Elections in May 2022 and our vote relects our prefered way of life and the future of Hungary.
    Massive responsibility on us the citizens of Hungary the up-coming National Elections May 2022.
    Could be said is being said by many, possible since 1989 – the arrival of Democracy in Hungary giving US – Freedom and Liberty – the 2022 National Election outcome will determine the immediate short and longterm Future of Hungary.
    Lots going on behind the scene – which will be mindboggling and need us to really put our thinking caps on who we vote to Govern and Led us into the Future.

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