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Hungarian State Media to Have Daily Budget of Over €700,000 in 2017

Tom Szigeti 2016.11.23.

According to a recent article on Hungarian news site napi.hu, Hungary’s state media, the Médiaszolgáltatás-támogató és Vagyonkezelő Alap (MTVA), will receive have a budget of nearly 80 billion forint (approximately €258.5 million) next year, according to the terms of the MTVA budget law published on October 21st.

When broken down to a daily level, counting weekends, this means that Hungarian state media will have a daily budget of about 219 million forints (approximately €709,000).

Of the 79,876,000,000 forint MTVA will receive, the majority, 70 billion forint (about €227 million), will come from taxpayers. An additional 8.7 billion forint (€28 million) will come from MTVA profits, from “commercial, real estate, and other sources of income,” according to the budget law.

The budget also listed MTVA’s expenditures for the coming year. The largest of these, 51 billion forint (€165 million), is categorized under the heading of ‘material expenditures,’ while personnel expenditures, which includes salaries, will cost over 14 billion forint (€45 million). In addition, close to 5 billion forint (€16 millmillion) will go toward investments.

via napi.hu and Magyar Nemzet

Image via Népszava


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