Hungary's Financial Correction to Amount to HUF 400 bn

2019. november 22.


The Hungarian government has accepted HUF 400 to 420 billion in financial correction from the European Commission for the whole of the 2014-2020 EU budget period, Portfolio learned from reliable sources. The correction, colloquially referred to as a fine, is substantially higher than the figure circulating in September (less than HUF 300 bn), but much lower than the HUF 600 to 700 bn in press reports last week. Also, half of the fine will only impact Hungary's budget in the future.  Fulll article