Good news: Budapest has a budget for H2 2025

The Budapest assembly has decided to adjust this year’s budget of the capital and raise the capital’s current account credit limit by 20 billion forints at the proposal of Gergely Karácsony, the city’s mayor.

At an extraordinary session on Monday evening, the body voted to approve the budget with 19 votes in favour, 10 against and 3 abstentions. The Fidesz-Christian Democrat group voted against.

The capital’s administration will make use 80 billion forints in the current account between Aug 1 and Sept 19, according to the amendment. Regarding the raised credit limit, the city administration has undertaken to cover servicing the current account loan this year during the period of use and repayment.

Read also:

• Mayor Karácsony’s warning: Budapest will not have a budget in force from next Tuesday, assembly lacked quorum today – read more HERE