Gov’t to reallocate HUF 2.7 bln from National Protection Fund

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The government will reallocate more than HUF 2.7 billion from the National Protection Fund under a decree published in the official gazette Magyar Közlöny yesterday, according to Hungarian news agency MTI.

HUF 1.7 bln of the funds will be spent on financing a Memorial Year in commemoration of political prisoners and forced laborers in the Soviet Union. Some HUF 300 mln will be spent on supporting competition sports, and HUF 200 mln on the Budapest Maccabi Europe Games to be held in 2019, the news agency said.

The transfer also includes HUF 190 mln for home-grown projects to be financed by the Development Ministry and nearly HUF 170 mln for project support at the Ministry of Human Capacities, the decree said, according to MTI.

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