Gov’t: Sale and utilization of state-owned assets revenue well planned

Deals

The HUF 169 bln revenue collected from the sale and utilization of state-owned assets would be realized in a "serious, thoroughly worked out construction", a government official said yesterday on an opposition MP’s query. 

National Economy Ministry state secretary András Tállai's enclosed no concrete details about the sale of the assets, though he explained that the government must not reveal any information that would "strengthen the bargaining position of other market players".

Tállai said that property and tangible assets, as well as utilization rights for these, would be sold, rather than financial assets, because only the former may improve the budget balance according to European Union accounting rules. He noted that any shortfall in revenue from the sales could be covered by savings of a fund established to pay for investments. The fund includes projects worth HUF 186.6 bln.

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