In 2018 the income of Budapest decreased to almost 50% of its rate in 2010, meaning the HUF 346 billion budget of the capital city is among the lowest in Central Europe, news portal mfor.hu says, citing a G7 publication.
In absolute terms, the budget of Budapest, the 10th largest city in the European Union in terms of population, is so small that it is ahead only of cities with a significantly smaller population.
Prague, with one-third less residents, handles a much higher budget. Zagreb, having 50% less inhabitants, runs a budget which is only 15% smaller than that of Budapest.
The budget of Budapest, which is 36% of the Hungarian GDP, receives 13% of its income in the form of state grants, but it is also heavily reliant on state support for its expenditures, mfor.hu says.