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Fidesz: Karácsony Sapping Budapest’s Reserves

MTI-Hungary Today 2020.12.21.

Budapest Mayor Gergely Karácsony is sapping the capital of ten years of reserves in two years, the local chapter of governing Fidesz said on their Facebook page on Saturday, a day after the city’s 2021 budget was announced.

The chapter said Karácsony had taken the unprecedented step of deciding on the budget by himself, without any discussion with the municipal council opposition.

They added that Karácsony had failed to show up at a scheduled meeting in the afternoon on Friday, and Fidesz council members, who had brought amendments to the budget, left after an hour and a half.

Later on Friday, they learnt that Karácsony had decided on the main budget figures himself, “without a minimum degree of transparency”.

Opposition Parties Slam Govt Supplement to Economic Protection Action Plan
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A number of opposition parties criticised supplemental measures to the government’s plan to shield the economy from epidemic fallout announced by Prime Minister Viktor Orbán on Saturday. The spokesman for the Democratic Coalition (DK) said the government had “dug deep into the pockets of municipal councils” by halving the local business tax. The party called […]Continue reading

On Friday, Karácsony, exercising state-of-emergency powers because of the epidemic, declared next year’s budget would have expenditures of 390 billion forints (EUR 1.09bn) and revenue of 249.4 billion forints. The 140.6 billion forint deficit will be financed with 63.1 billion forints in residuals, 45.5 billion forints in credit and 38.1 billion forints in domestic securities, while the city will also repay 6.1 billion forints of its debt, he added.

featured image: Csepel mayor Lénárd Borbély (Fidesz), Fidesz group leader in the Budapest Assembly Zsolt Láng, and KDNP representative Gábor Bagdy (illustration); via Tamás Kovács/MTI


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