Budapest's Bold Move: Halting Payments to State-Owned Giants to Solve City's Crisis

Budapest Faces Financial Crisis: City Representative Proposes Controversial Solution Budapest, Hungary – The Hungarian capital is grappling with a severe financial crisis, prompting a bold proposal from city representative Vitézy Dávid. Dávid, in a recent video that has garnered significant online attention, suggests halting payments to large state-owned companies like MOL and MVM. He argues that these companies' substantial profits, dwarfing the city's budget, should be redirected to alleviate the crisis. "These companies are making billions while Budapest struggles," Dávid states in the video. "Their profits are far greater than the city's entire budget. We must take decisive action." Dávid's proposal has sparked considerable debate. Critics argue that such a move could have significant economic repercussions, while supporters see it as a necessary measure to protect essential services. The video provides a detailed breakdown of the financial discrepancies, showcasing MOL's 364 billion forint profit and MVM's 324 billion forint profit. The video has gone viral, highlighting the growing public concern over the city's financial situation and the need for innovative solutions. The crisis is impacting public transportation, with concerns about potential service cuts. Dávid's proposal aims to address these concerns by reallocating funds from profitable state-owned companies. The long-term impact of this proposal remains to be seen, but it has undoubtedly initiated a crucial conversation about the financial future of Budapest.