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Financially-Speaking, DK the Biggest Winner of Election

picture of Ferenc Gyurcsány took a look at how much money each party in Parliament can expect to receive following the April 3 elections, declaring the Democratic Coalition (DK) as the biggest winner. The party of Ferenc Gyurcsány (pictured) can expect to get 400 million Ft. (US $1.15 million) more every year in state funding than in the previous parliamentary cycle.

All total, DK’s 15-strong parliamentary group can expect to earn 97 million Ft. ($277,000) per month, which is close to 1.2 billion Ft. ($3.4 million) a year. Previously, the party received 64 million Ft. ($183,000) every month, which it could spend on operating expenses and advisors.

Jobbik, however, lost big in the election, with its financial allowance dropping from 1.26 billion Ft. ($3.6 million) to 770 million ($2.20 million) due to its smaller representation in Parliament this cycle. Whereas they had 17 MPs in the previous Parliament, the party can only count on nine this time around. This may change slightly, however, if DK’s Klára Dobrev remains an MEP and doesn’t accept her mandate in the Hungarian Parliament, allowing Jobbik’s Noémi Végh to get a seat on the joint party list.

Likewise, MSZP will also have to get by with significantly less money from now on, as their financial allowance dropped by 330 million Ft. ($945,000) after they lost five MPs in this election, going from 15 to 10.

Dialogue, however, will get an extra 130 million Ft. ($372,000) annually after their parlimentary group grew from five to seven. There may be another change here as well, depending on whether a Dialogue MP takes Péter Márki-Zay’s parliamentary mandate. The mayor of Hódmezővásárhely previously indicated that he would focus on his town instead of join the new Parliament.

LMP’s parliamentary group was also reduced by one member, meaning the party can expect to receive 530 million Ft. ($1.52 million) for its five MPs.

Our Homeland, entering Parliament for the first time, can expect to get a similar amount, 590 million Ft. ($1.69 million), for its six-member group. Momentum, the other newcomer to the National Assembly, will be entitled to received an annual 925 million Ft. ($2.65 million) with its 11-member delegation in Parliament.

Regarding the ruling parties, KDNP will continue to receive a financial allowance of 1.3 billion Ft. ($3.72 million) with no change in its parliamentary delegation. As for Fidesz, the main governing party can expect to receive the largest financial allowance of 7.3 billion Ft. ($20.9 million) with its 118 Members of Parliament. Fidesz’s delegation grew by two MPs compared to the previous governing cycle, providing the party with an extra 130 million Ft. per year.


Posted in 2022 Elections

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