Official: Budapest Assembly approves 2025 budget

The budget assumes that Budapest will only pay as much of the solidarity contribution next year as it receives from the state in support for its municipal responsibilities. #Budapest #Assembly #budget

By: dailynewshungary.com

Dec 19 2024
0
3346 Views

Official: Budapest Assembly ap

The Budapest Assembly on Wednesday approved the capital’s budget for next year, setting the total revenue and expenditure at HUF 434,694,876,000.

The proposal, submitted by Mayor Gergely Karácsony, was adopted with 20 votes in favour and 10 against from Fidesz-KDNP representatives. The three members of the Hungarian Two-Tailed Dog Party left the chamber before voting commenced.

The approved budget sets the municipality’s revenue at HUF 422,544,893,000 (EUR 1 022,561,600) and expenditures at HUF 426,269,012,000 (EUR 1,031,564,190), resulting in a deficit of HUF 3,724,119,000 (EUR 9,012,300). This shortfall will be covered using leftover funds from previous years. An additional HUF 7,466,009,000 (EUR 18,067,622) has been allocated for loan repayments.

The budget also assumes that Budapest will only pay as much of the solidarity contribution next year as it receives from the state in support for its municipal responsibilities.