Average MP wealth grew more than 600% since 2010
The average financial wealth of a Member sitting in parliament since 2010 has increased from HUF 3.1 million to HUF 23 mln in the last 9 years, according to a report by mfor.hu.
While some people report staggering gains, others have only increased their debt.
The wealth of parliamentarians has increased well beyond household wealth between 2010 and 2019, according to a summary of 2010 and recent asset declarations.
For the sake of accurate comparability, the report looked at the wealth of MPs who already had a seat in the Parliament in 2010.
The main focus was on finance and savings, including securities, investments, cash, as well as the amount of receivables and debts reported.
Without the latter item, we can talk about financial assets, which, net of liabilities, gives us net financial assets, mfor.hu explains.
Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March
Hungary Condemns Iranian Attack on Israel
Share of 1st Time Home Buyers Climbs
Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...
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.
