Budapest Council adopts 2015 budget

Telco

The municipal council of Budapest yesterday approved the city's budget for 2015 with 20 votes for, nine against and one abstention, news agency MTI reported.

The approved budget targets spending of HUF 323.9 bln as opposed to revenues of HUF 244.9 bln. According to the budget, the deficit of nearly HUF 80 bln will be financed from leftover loans (HUF 12.1 bln), domestically issued bonds (HUF 24 bln), deposit withdrawals (HUF 38.4 bln) and from funds remaining from previous years (HUF 4.6 bln).

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Martina Cifer joins Avison Young Hungary Appointments

Martina Cifer joins Avison Young Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.