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Mayor Karácsony: Budapest Submits 2021 Budget of Survival

The Budapest municipality has prepared and submitted its 2021 “budget of survival”, designed to face “the challenges all local governments are grappling with”, Mayor Gergely Karácsony told an online press conference on Wednesday. Speaking ahead of a meeting of the Hungarian Association of Local Governments (MOSZ), Karácsony said Budapest’s plummeting revenues were due to the coronavirus pandemic, the economic crisis and government policy in equal measure. Karácsony insisted that between falling revenues and government austerity, the 2021 budget had less funds at its disposal than in 2013. In the wake of the government’s offer for the takeover of the financing of certain large-scale developments, the Budapest mayor criticized the move. He would rather the government not take away funds from the capital, but instead have those representatives who were voted in by the capital’s residents make decisions and oversee developments  It was […]Continue reading

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