Hungary coronavirus defense measures cost HUF 245 bln, so far
Alexandros Michailidis / Shutterstock.com
Budget spending on measures related to the coronavirus pandemic have reached HUF 245 billion, Finance Minister Mihály Varga said in a video posted on social media on Friday, state news wire MTI reports.
Mihály Varga (Photo by Alexandros Michailidis / Shutterstock.com)
That spending includes HUF 157 bln spent on procurements directly related to dealing with the health impact of the virus and HUF 90 bln for measures to ease the fallout on the economy, Varga said.
An action group earlier established by the government to coordinate Hungaryʼs financial response to the crisis is adjusting the budget to the situation caused by the virus, he said.
The government is taking decisions from week to week, shielding what has been achieved so far with an active economic policy, thus more economic protection measures can be expected soon, he added.
In these challenging times, bbj.hu is committed to providing you with up-to-date and accurate information. We will post at least three coronavirus updates each day, including on weekends, at 10 a.m., noon and 5 p.m., or as close to then as developing events allow. Breaking news and other stories will be added throughout the day Monday-through-Friday.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.