Hungary's government has created a $2 billion (1.6 billion pounds) special fund to aid the fight against the new coronavirus and it will include contributions from banks and foreign retailers, a top official said on Saturday.
FILE PHOTO: Gergely Gulyas, Hungarian Prime Minister Viktor Orban’s chief of staff speaks during an interview in his office in Budapest, Hungary on September 16, 2019. REUTERS/Gergely Szakacs
BUDAPEST - Hungary’s government has created a $2 billion special fund to aid the fight against the new coronavirus and it will include contributions from banks and foreign retailers, a top official said on Saturday. Prime Minister Viktor Orban’s Chief of Staff, Gergely Gulyas, told an online press briefing that Hungarian banks will be expected to pay 55 billion forints in the fund this year, with multinational retailers adding 36 billion forints.
Local governments will have to divert vehicle taxes amounting to a total of 34 billion forints to the fund, while political parties will pay half of their central budget revenue to the fund for a total of 1.2 billion forints.
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