Hungary Burdens Banks, Political Parties With Virus Costs
- Cabinet eyes economic stimulus amounting to one fifth of GDP
- Government planning to raise bank taxes, cut party funding
Armed soldiers patrol during the coronavirus epidemic in downtown Budapest, Hungary, on March 31.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
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Hungary’s government pledged to slash funding for political parties and hike taxes on banks in its first major budget overhaul since Prime Minister Viktor Orban secured powers to rule by decree this week.