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BUDAPEST REPRESENTATIVES ADOPT 2023 BUDGET

 

Representatives of Budapest’s City Assembly on Wednesday adopted a new budget, with the capital’s districts to receive 232 billion forints EUR 589.3m) of total revenue while the central metropolitan council will have 273 billion forints at its disposal. The budget was approved with 26 votes in favour, 1 vote against and 3 abstentions. Revenues are set to increase by almost 193 billion forints compared with the previous year, with planned business tax revenue of 503 billion forints, late fees and penalty revenue of 1.4 billion, and tourism tax income of 15.6 million.
Budapest taxi fares are increasing by 10% from March 6, with the basic fare rising to 1,100 forints, the kilometre fee going up to 440 forints, and the minute fee to 110 forints. The City Assembly voted for the measure on Wednesday at the proposal of Gergely Karácsony, the city’s mayor. The representatives of the Fidesz-Christian-Democrat group boycotted the vote. The lifting of the fuel price cap from December 2022 has led to a marked increase in costs for taxi drivers, according to the justification of the measure.