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Average Hungarian MP's Wealth Grew More Than 600% Since 2010

• 20 Feb 2020 6:58 AM
• Budapest Business Journal

The average financial wealth of a Member sitting in parliament since 2010 has increased from HUF 3.1 million to HUF 23 mln in the last 9 years, according to a report by mfor.hu.

While some people report staggering gains, others have only increased their debt.

The wealth of parliamentarians has increased well beyond household wealth between 2010 and 2019, according to a summary of 2010 and recent asset declarations.

For the sake of accurate comparability, the report looked at the wealth of MPs who already had a seat in the Parliament in 2010.

The main focus was on finance and savings, including securities, investments, cash, as well as the amount of receivables and debts reported.

Without the latter item, we can talk about financial assets, which, net of liabilities, gives us net financial assets, mfor.hu explains.

MTI Photo: Máthé Zoltán

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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