Karacsony said on Facebook that the government had so far withdrawn 46 billion forints from the city's accounts, while the central budget only contributed 22 billion to finance municipal services.

"The city's safe operations can no longer be maintained," the mayor said, adding that public services such as transport could no longer be provided "at the usual and arguably expected level".

He also added, however, that Budapest's going bankrupt would "undermine those that caused it."

Marton Nagy, the economy minister, said in response that "the government does not plunder Budapest, but contributes to its development."

The government has just recently announced a development package worth 1,000 billion forints concerning Liszt Ferenc International Airport, he said.

"The rules continue to apply to everybody ... just like small companies or employees, the capital must also pay its taxes," the minister said, referring to Budapest's obligation to pay a solidarity tax.

 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

*********************************************************************************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 

Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Showcase Your Business to Expats in the Loop:

As an independent portal we’re grateful to all commercial supporters who help keep you in the loop with fresh insights and inspiration. Do you want your business to reach tens of thousands of potential high-value expat customers? If so please contact us here.