Budapest assembly adopts 2020 budget

The Budapest Assembly on Wednesday adopted the municipality's 2020 budget. Revenue is set at just over 284 billion forints (EUR 839m) while spending is a little above 408 billion. The deficit of just below 125 billion forints will be financed through a mix of credit agreements, domestic bonds and revenue from bank deposits. The budget passed with 18 votes in favour, 14 against and 1 abstention.