Government allocates new funds to handle migrant crisis
LaMography / Moni Lazar
The government has approved allocating additional funding of up to HUF 18.7 bln to the Interior Ministry and up to HUF 16.4 bln to the Defense Ministry to manage the migrant crisis, according to a government resolution dated September 24, and published in the official gazette Magyar Közlöny on Thursday.
Refugees wait at Budapestʼs Keleti Station for boarding planes going towards Germany. (Photo: LaMography/Moni Lazar)
The combined HUF 35 bln will come from the 2015 budget for "extraordinary government measures", and is on top of the nearly HUF 30 bln the government allocated towards the migrant crisis in two steps earlier, the resolution shows. The government allocated HUF 6.6 bln in extra funding towards the management of the crisis in July and provided a further HUF 22.2 bln in early August.
The new allocation will most likely be funded from a HUF 60 bln rise in the 2015 budget for extraordinary government measures, to HUF 160 bln, proposed by the government in a budget amendment proposed to Parliament on Thursday, and explained by the costs of the migrant crisis.
The bill said that the original HUF 100 bln budget allocation for extraordinary government measures had been all but spent, including HUF 30 bln that had already gone towards managing the migrant crisis.
ADVERTISEMENT
MBH Bank Closes Acquisition of Duna Takarék Bank
V4 Agri Officials: WTO Case Over Grain Bans 'Unfortunate'
AutoWallis Green Investment Project Value Reaches HUF 3 bln
Budapest Muni Council Clears Rác Baths Renovation
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.
