Hungary's parlt approves EU budget, post-pandemic recovery package

Hungarian lawmakers on Wednesday approved legislation ratifying the European Union's 2021-2027 budget framework and post-pandemic recovery package, with 170 votes in favour and no MPs present voting against. According to the justification of the bill submitted by the finance minister, ratification is a requirement for the EU to draw a record 750 billion euro loan for the recovery package in the financial markets and a prerequisite for launching the EU's Recovery and Resilience financing programme.