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We may continue to see Tao money spent, but MNB foundations can keep their finances secret.
Fidesz’s latest proposal to amend the ninth constitution also deals specifically with defining what is meant by public money. According to the bill, public money is what the state receives, spends and demands.
Legal Director of Transparency International Hungary (TI), who spoke with Népszava, Miklós Ligeti they also rewrite the concept of public money for a reason. This is because judicial practice is clear: where public money is used or a public task is performed, decision makers are obliged to tolerate the public. However, the impact of the redefinition of public money is not yet visible today, as no further amendments are expected to transfer this definition to other legislation.
It seems that the government would limit the concept of public money to government and municipal money flows and exclude state-owned companies from this circle, for example. However, according to TI’s chief legal officer, the legal situation regarding corporate tax deals (tao-money) is clear. It was at TI’s initiative that the court ruled on Tao’s offers that upon delivery, the state would forfeit the revenue. In other words, the tao subsidies would remain public money under the new constitutional definition.
Where at the end of the day the taxpayers pay the bill and the State has a decisive role in terms of ownership and management, be it a state company or a public foundation,
– gave the document a simple definition of the concept of public money Csaba László professor. According to the former Minister of Finance, the main problem is that even the constitution does not clearly regulate what the State is. From now on, it is an open question what is the income, expenditure or demand of the state, that is, not to see what the rewriting of the Basic Law will go to.
I believe in miracles, not by chance: so far no similar regulation has pointed in the direction of transparency
– Csaba László told the newspaper, according to whom the operating costs of the foundations formed with public funds and assets, or the management of the Paks Nuclear Power Plant, which is 100% state-owned, should be considered as public property. The central bank foundations clearly manage public money, but if the current constitutional amendment goes into effect, he believes that it could happen that the assets managed here eventually lose the character of public money.
Another economic amendment to the Basic Law would establish that the rules on public interest trusts, which have been proliferating in recent months, could only be changed by two-thirds.
Featured image: Bielik István / 24.hu
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