Where are the 100 billion of the capital? – Here is the response from the Treasury.

According to information from the State Treasury, on July 20 the local government of the capital of Budapest, as a data provider, submitted to the Public Finance Information data collection system (KGR-K11) operated by the State Treasury of Hungary (MÁK) in 2020. II. quarterly interim balance report, MÁK announced.

“According to the public data it contains, the municipality of Budapest has HUF 134.98 billion in government securities, while its net cash holdings amount to HUF 27.868 billion.”

In an interview with the M1 channel on Saturday, Prime Minister Viktor Orbán spoke about the need to provide special assistance to taxi drivers, caterers and hoteliers in Budapest, and to those working in the tourism sector in general. 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.

However, the capital’s leaders have repeatedly claimed that this money is used to cover the capital’s ongoing investments.

In response to this, on Sunday’s community page, Mayor Gergely Karácsony wrote that the capital has no money to take over government tasks.

“We don’t have 100 billion free, we’re 150 billion less,” the mayor wrote, adding that in addition to the effects of the epidemic and the economic recession, government austerity is a big part of that. (The local government of the capital is affected, among other things, by the deduction of the car tax and the increase in the solidarity contribution, as well as by the protection costs due to the epidemic and the significant loss of income from tickets in the Budapest transport hub.You may decide to lift it after October 15, to ed.)

The mayor suggested that “half of the astronomical amounts of the EU Recovery Fund will be transferred by the government pro rata to municipalities, which, regardless of party affiliation, will use it much more profitably than the government.”