ADVERTISEMENT

Government allocates HUF 24 bln of HUF 56.7 bln budget residuals

Telco

Of the HUF 56.7 bln in residuals – unspent funds from last yearʼs budget – the government has authorized the spending of HUF 24 bln, according to a government decree published in the latest issue of the official gazette Magyar Közlöny, Hungarian news agency MTI reported yesterday. 

The remaining HUF 32.7 bln will be withheld until further notice. The National Economy Ministry, with HUF 15.5 bln, has the highest amount of residuals and has been given authorization to use HUF 6.5 bln of these.

ADVERTISEMENT

Business, consumer confidence slip in May Analysis

Business, consumer confidence slip in May

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

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.