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Karácsony: Employers, Employees Looking to Gov’t to Compensate Budapest for Lost Revenues

MTI-Hungary Today 2021.01.14.

The coordination council of employers, employees and municipal representatives (Főét) has suggested that Budapest should be compensated from central coffers for lost business tax revenues so that “it can perform its public tasks at a high level”, Mayor Gergely Karácsony said on Facebook on Wednesday.

Karácsony said Főét had held a meeting earlier in the day where participants discussed possible ramifications of the government suspending the local business tax as a result of the coronavirus pandemic.

Mayor Karácsony: Budapest Can't Be Defeated
Mayor Karácsony: Budapest Can't Be Defeated

The New Year is a chance to “start over and go back to the drawing board”, Budapest Mayor Gergely Karácsony said in a video on Facebook, adding that he believed the vaccine against Covid-19 would allow Budapest and Hungary to overcome the coronavirus epidemic. “Many of us faced the toughest period of our lives in […]Continue reading

He said that losing further revenues could “force the local government to take steps that would significantly impact the infrastructure and public services for businesses and residents”.

Featured photo illustration by Tamás Kovács/MTI