It also goes into debt with the hospitals and the preparation of the National Vaccine Factory. It is used to fund assistance to hosting providers.

Funding for economic protection, education and health development, cultural activities, hospital debt settlement, and support for various local initiatives are also included in the government’s year-end funding decision, according to which will spend more than HUF 860,000 million in developments, wrote the Ministry of Finance.

They added that GDP is still expected to fall 6.4 percent this year as a whole as a result of the epidemic, while the deficit will be around nine percent of GDP. They added that the objective of reducing the budget deficit and debt will remain in the coming years.

Many elements of the budget support of HUF 861.8 billion at the end of the year are those that mean pre-financing a development or investment next year, they emphasized.

Local governments and cities with county status can count on an additional source of approximately HUF 28.6 billion. In addition to modernizing the road network, nurseries, kindergartens and schools can be renovated in many places. The government is spending HUF 44.5 billion on debt financing for hospitals. Additionally, the burden on various higher education institutions will be reduced by triggering dpi builds, they listed.

It was emphasized that the HUF 4 billion earmarked for partial compensation for loss of income resulting from failed bookings of accommodation service providers stands out among sources of economic protection.

An important part of the announced source of development is the financing of health, cultural and educational programs. In this way, the money will go towards the establishment of a rescue station, investments related to the renovation of the capital’s hospitals for disinfection purposes and the start of the development of the Student City of Budapest, they wrote.

They added that the renovation of Esterházy Castle in Fertőd and Hédervár Castle could start, for example, with the sums intended to strengthen heritage protection and the national memory policy. A similar priority is to support church investments, talent development programs, and developments in the Carpathian Basin, such as the reconstruction of St. Michael’s Church in Cluj-Napoca and the Franciscan monastery in Samosújvár, as well as the renovation of the building of the small Zentai synagogue.



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Economy

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hvg.hu
At home

The organization was interested in EU-funded projects related to György Simonka.