Spending on Sports Events in Hungary to be Slashed by Gov’t
- 24 Jul 2026 10:53 AM
- Hungary Around the Clock
The government will fundamentally change the financing model for major international sporting events following concerns over excessive costs at previous competitions, state secretary for sport Attila Kálnoki-Kis announced.
Based on the findings of a recent review, the government is introducing new criteria for evaluating future bids.
Events that rely almost entirely on state funding will no longer receive support, Kálnoki-Kis said.
Future government-backed competitions will have to demonstrate professional justification, reasonable costs, clear social benefits and a greater emphasis on own revenues in their financing structure.
*********************************************************************************************
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
XpatLoop Media Partner
LATEST NEWS IN sport