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The local government of the capital Budapest has HUF 134.98 billion in government securities, and its net cash position is more than HUF 27.8 billion, the Hungarian State Treasury told MTI. The State Treasury indicated that the local government of the capital of Budapest, as data provider, submitted to the Hungarian State Treasury on July 20, 2020. II. quarterly interim balance.
MÁK spoke after Prime Minister Viktor Orbán spoke in an interview with M1 on Saturday about the need to provide special assistance to taxi drivers, caterers, hoteliers and those working in the tourism sector in Budapest. The Prime Minister called it good news that the capital has more than one hundred billion guilders of free funds that it can use for this purpose.
Mayor Gergely Christmas has again refuted this in a Facebook post on Friday and Sunday, saying the capital has no money to take on government responsibilities. “We don’t have 100 billion free, we are 150 billion less” The politician wrote. He added that in addition to the effects of the epidemic and the economic recession, the government’s austerity is a big part of that. The mayor suggested “Half of the astronomical amounts of the EU Recovery Fund will be transferred by the government to municipalities in proportion to the population, who, regardless of party affiliation, will use it much more usefully than the government.”
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