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Last year, the government spent 229 billion on debt instead of 73 billion, and 528 billion on sports instead of 292 billion

Last year, the government spent 229 billion on debt instead of 73 billion, and 528 billion on sports instead of 292 billion

The Hvg.hu In the Final Accounts Act, I looked at how public spending has evolved last year. The paper notes that the country’s central budget is opaque, in part due to the fact that the government is constantly being adjusted before it goes into effect. Moreover, even in the final budget calculations, there are more and more question marks, for example, the government has allocated funds from a trillion funds to control the epidemic on the basis of individual non-public decisions – and the accounts do not. Reveal exactly what purposes.

In the budget, all the appropriations must be categorized according to the function of the country to which they belong, so it is almost clear how much money was allocated to each government function in the previous year, how much is total government spending, and how it is done. related to gross domestic product. Not surprisingly, the pandemic has turned the entire public finances on its head: the state has spent more than planned on almost every job — and with the contraction in GDP, public debt has soared to 80 percent of GDP.

  • Expenditures of the main functional group called other economic activities increased by 80 percent: instead of HUF 1.1 thousand billion, HUF 2,000 billion were spent.
  • At the main group level, it was the second largest increase in health-related expenditures, with expenditures being 1.5 times the plan. The increase was also the largest in terms of quantity, going into the region with another thousand billion. Within the subcategories, the largest spending so far was 586 billion HUF instead of the planned HUF 48 billion, which is a twelvefold increase.
  • In third place was the main functional group called recreational, cultural and religious activities and services. Its spending jumped to 1.7 trillion instead of the planned 1.1 trillion. Spending on sports, leisure, religion (belief) and culture is aggregated here. Moreover, the partisan activities, which got less money than planned in 2020, as the government cut party support in half due to the outbreak of the epidemic.
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The state did not spare the churches, instead of the planned 73 billion, 229 billion were allocated to credit activities, which is three times the planned amount. Instead of 292 billion, 528 billion went to sports, almost double the planned amount.

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