Government reallocates HUF 7.1 bln for FINA championships investments

Telco

The government has reallocated HUF 7.1 billion from this yearʼs budget funding for investments for the 2017 FINA World Aquatics Championships, a resolution published in the latest issue of the official gazette Magyar Közlöny shows, Hungarian news agency MTI reported today.

Most of the funding was previously targeted for the construction of the National Olympic Center. 

The resolution also instructs the economy and development ministers to allocate HUF 1.4 bln for the FINA championships in next yearʼs budget.

Hosting the championships is expected to cost Hungary HUF 49 bln, though the budget shows a recovery of about HUF 10 bln in the form of VAT, Balázs Fürjes, the government commissioner for priority investments in the capital, said earlier.

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