April 27th, 2012

Will the Last Cop in Bankrupt Hungary Please Turn Out the Lights at the Opera?

In an interesting sign of how tough things are for public enterprises in Hungary, and how the government prioritizes spending on such enterprises, yesterday two different mini-bailouts of state bodies were announced: A roughly HUF 10 billion “top-up” for the national police, and an emergency HUF 1.4 billion subsidy for the perpetually struggling Hungarian State Opera. [HATChetivalasz.hu]

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