Hungary spent USD 1.5 billion on public media between 2011 and 2015

October 8, 2015

money

Between 2011 and 2015 the government of Hungary spent HUF 432 billion (USD 1.5 billion) on public media, according to independent news broadcaster ATV and daily online news portal 444.hu.  The amount includes the HUF 47 billion allocated last week by the Ministry for National Development to Hungarian state television (MTVA) so that the state broadcaster could settle its debts.

444.hu writes

“There is no end of course to this insanity as another HUF 77 billion (USD 275 million) has already been earmarked for the future”, adding that “MTVA recently disclosed that the M1 news channel operating since last year and the M4 sport channel this year cost HUF 10 billion (USD 35 million), and that one and a half times as much is to be spent next year”.