Magyar Promises Budapest a Financial Lifeline — but the Hard Work Starts Now
8 Articles
8 Articles
After months of negotiations, the government and Budapest reached an agreement on Thursday to resolve the city's financial situation. Much of the agreement is not what it seems: the 120 billion forint subsidy actually represents a much smaller contribution to the operation of the municipality, while the 20 billion forint savings expected from the capital and the budget inspector are much less threatening than they seem at first glance. In our ar…
Magyar promises Budapest a financial lifeline — but the hard work starts now
Prime Minister Péter Magyar identified the settlement of Budapest's finances, the preservation of its operational capacity, and the establishment of a partnership with the capital and its districts as the most important goals, speaking after Thursday's session of the Metropolitan Public Development Council.
The head of the capital is out of the water. At least for a while. The mayors of the districts are not happy.
According to Dávid Vitézy, the 120 billion forint state aid will end Budapest's near-bankruptcy period. From 2027, transportation, parking and the financing of the capital may also undergo significant changes. The post Vitézy: Budapest can no longer point fingers at the government first appeared on 24.hu.
The capital will receive a one-time, 120 billion forint grant from the government, Mayor Gergely Karácsony announced at a press conference reporting on the first meeting of the reorganized Budapest Public Development Council (FKT) on Thursday.
A historic agreement has been reached between the government and the capital, which will radically transform the parking system in Budapest. Mayor Gergely Karácsony and Minister of Transport and Investment Dávid Vitézy announced that the capital will take over the organization of parking and the collection of revenues, while Budapest will receive 120 billion forints of state aid to avoid bankruptcy. World-class Budapest Prime Minister Péter Magy…
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- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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