Menu Close

Gattyán’s Party Has to Repay 108 Million Ft. in Election Funding

Political parties have until May 1 to repay unused public funds they received for the election, as well as any funds due back to the state for poor showings on their party list or for their individual candidates, writes HVG.

For billionaire György Gattyán’s new Solution Movement (MEMO) party, only seven out of 99 individual candidates got over 2% of the vote, so the party has to repay 108 million Ft. (US $316,000) in election subsidies for its other 92 candidates.

MEMO’s party list, however, got nearly 59,000 votes, or 1.05% of the vote. Reaching the critical 1% threshold means that the party does not have to repay 588 million Ft. ($1.72 million) it received in state funding for its national list. Only 2,807 votes depended on not the party not having to repay this amount. [Magyar Hang]

close
logo

Afraid you'll miss out on Hungarian political news?

Sign up for our daily newsletter!

By subscribing you agree to receive our newsletter and agree with our privacy policy.

Posted in 2022 Elections

Related Posts