Budapest faces bankruptcy if nothing happens: bank account shows HUF 31 billion deficit at Easter - DailyNewsHungary

Budapest faces bankruptcy if nothing happens: bank account shows HUF 31 billion deficit at Easter - DailyNewsHungary

According to Gergely Karácsony and his allies, the Hungarian government is robbing Budapest and the Budapesters by imposing a high, so-called solidarity tax on Budapest. Meanwhile, Orbán’s Fidesz believes Karácsony is unfit to lead the capital, which is why Budapest has financial problems. Unbearable tax burden? According to Népszava, a leftist Hungarian daily, Budapest’s bank account shows a deficit of HUF 31 billion (EUR 76 million) at Easter …

After collecting at the end of March the first 25 billion instalment of the solidarity contribution of HUF 89 billion imposed for this year by the Hungarian State Treasury, the budget of Budapest slipped to minus HUF 31 billion by Easter, writes Népszava. The situation of the capital's municipality is complicated by the fact that EU funds due under previous agreements but already spent, such as HUF 11 billion paid for trolleys, do not arrive in …