The Government Steps in: Hungarian Settlements Will Receive 35 Billion Forints in Relief
9 Articles
9 Articles
Viktória Lőrincz announced that payments to the regional development fund will cease from 2027. Local governments could save 30-35 billion forints.
The obligation of local governments to pay into the regional development fund will cease from 2027, announced Dr. Viktória Lőrincz (TISZA), Minister of Rural and Urban Development, in her Facebook video.
According to the Minister, the settlements are "the big winners of next year's budget."
The government will eliminate and phase out the obligation of local governments to pay into the regional development fund, which will mean a relief of approximately 30–35 billion forints for the settlements.
The government will eliminate the obligation for local governments to pay into the regional development fund from next year, the Minister of Regional and Rural Development announced in a video posted on his Facebook page on Saturday. The budget draft was personally received by Ágnes Forsthoffer from the Minister of Finance in parliament, and its discussion may begin in two weeks at the earliest.
The government will eliminate the obligation for local governments to pay into the regional development fund from next year, which means 30–35 billion forints.
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