Hungary’s government will not agree to bailing out either Budapest’s transport company BKV or any overspending companies under local-government control, Prime Minister Gordon Bajnai said in an interview carried in Thursday’s Blikk tabloid.
The government will not undertake to guarantee credit of 30 billion forints for BKV, which is struggling with debts totalling 78 billion, and neither will it bail out underperforming local governments, said Bajnai.
“We can only negotiate with companies under local-government control which put and keep their house in order. This does not just mean BKV and Budapest but all local governments,” he said.
BKV has been hit by a series of corruption scandals and expects to run out of money in November this year.
“The conditions for responsible financial management must be created and only after this is achieved can we discuss any kind of support,” Bajnai added.
Damn, and I just bought a Yearly BKV pass, what a waste! If only I’d waited, in November I can buy an entire bus.
Interesting dichotomy …
On the same day as this, the gov’t is making 130B HUF of additional money available for teaching the Hungarians citizens of tomorrow (see http://www.caboodle.hu/nc/news/news_archive/single_page/?tx_ttnewstt_news=6916) the “new knowledge” that they need in addition to the “old rout stuff” (I’m just guess that last part)…
As part of that expenditure, I’m expecting there’ll be lessons on how to get to school without buses?
Perhaps that budget includes funds to purchase more bicycles from Croniepont (oops I mean Cronopont, Gyor) that supplied Posta with their 100K special purpose workout kits (see http://www.realdeal.hu/20090127/magyar-posta-bike-scandal-rolls-on).
He’d rather keep the money and send it to his parents to Austria
and they will laundering it in Cyprus. Whatta hypocrite!