US EditionBudapest Mayor Karácsony Warns: Draining the Capital Could Lead to State Bankruptcy
- Budapest Mayor Gergely Karácsony warned on Saturday that the state treasury withdrew over 10 billion forints from the capital's account, threatening public services in Budapest.
- The withdrawals and the central government's solidarity tax have depleted Budapest's funds, prompting the opposition Democratic Coalition to call a special closed City Assembly session to address the issue.
- Karácsony emphasized that the capital contributes 38 percent of Hungary's GDP and described the withdrawals as unlawful, risking both municipal services and the state budget's insolvency.
- At a Friday press briefing, opposition leader Sándor Szaniszló emphasized that the misappropriated funds, belonging to Budapest residents, supported essential city services such as transit systems, eldercare facilities, assistance for the homeless, and municipal staff.
- Karácsony warned that continued draining of Budapest funds could lead to a credit downgrade for both the capital and Hungary, increasing interest burdens and potentially causing state bankruptcy.
12 Articles
12 Articles
It didn't take long for Tisza to commit another suspected treasonous act.
The Tisza Party called on Alexandra Szentkirályi to persuade Viktor Orbán to return the billions illegally taken from the capital's residents to Budapest.
The mayor of Budapest continues to point fingers at the government for the near-bankruptcy situation, but now he is also threatening it. According to Alexandra Szentkirályi, Karácsony and the Tisza River have bankrupted the country's richest city.
Budapest mayor Karácsony warns: Draining the capital could lead to state bankruptcy
By unlawful withdrawals from Budapest’s accounts, the government is putting not only municipal public services at risk but also risking insolvency of the state budget, the city’s mayor said on Saturday. The municipality on Tuesday submitted a request for immediate judicial protection over a dispute concerning the solidarity contribution City Hall is required to pay into the central budget. “Those annually increasing withdrawals from Budapest and…
According to the leader of the ruling party's parliamentary group, the mayor and the Tisza River together bankrupted the country's richest city. According to the leader of the Fidesz-KDNP parliamentary group in the capital, "Gergely Karácsony ... ...
Former mayor István Tarlós believes that the debt collection should not be judged on an emotional basis, but rather on legal and financial grounds. And although he does not hold Karácsony primarily responsible for the current situation, he has criticized the current leadership. According to Tarlós, the full amount of the solidarity tax should have been included in the budget.
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