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Gov't transfers budget funds to National Asset Manager

HUF 13.4 billion is to be transferred to the Hungarian national asset manageer MNV under a government resolution published in the official gazette Magyar Közlöny in order to raise funds necessary to increasing the value of state-owned assets.

HUF 13.204 billion of this amount can be spent on payments related to the exercising of ownership rights and HUF 196 million on other expenditures related to the operation of MNV, the government resolution says.

The money, transferred from funds earmarked for extraordinary government measures, can be spent on accumulation-type expenditures, expenditures resulting in the increase of state-owned assets and on the fees of consultants and legal representatives