Hungary to spend over EUR 3 billion on road development scheme

Portfolio
Hungary is to embark on a five-year road development programme, a decree published in the Official Gazette showed on Thursday. The cabinet is to spend nearly one trillion forints on the scheme until 2024.
The decree stipulates that it is the task of the Minister for Innovation and Technology to see to the continued provision of EU funds for the project. László Palkovics will also need to table progress reports by 30 June every year.

inance Minister Mihály Varga was tasked to - joint with Palkovics - ensure the necessary budget funding for the programme.

The decree specifies the budget for the road development scheme for the next five years as follows:
  • In 2020: HUF 320,077,000,000
  • In 2021: HUF 332,362,000,000 forint,
  • In 2022: HUF 206,434,000,000,
  • In 2023: HUF 82,037,000,000,
  • In 2024: HUF 40,143,000,000.

This means the cabinet plans to spend HUF 980 billion (own and EU funds) on road development in the next five years.Cover photo by MTI/ Szilárd Koszticsák
This article is part of the work programme titled "The impacts of EU cohesion policy in Hungary - Present and Future" which is carried out by Net Média Zrt., the publisher of Portfolio.hu, between 1st April 2019 and 31st March 2020 with European Union financing. The views in this article solely reflect the opinions of the author. The European Commission as the funding entity does not take any responsibility for the use of information presented in this article.
 

More in EU funds

eu-támogatás uniós forrás kohéziós forrás-építészet-épület-Európai-Unió-homlokzat-Magyarország-unió-város-zászló
September 03, 2025 11:00

Hungary finds a loophole, but Brussels slams the door on EU funds

European Commission will not release Hungarian funds without rule of law reforms

GettyImages-1164003902 (1)-árfolyam-deviza-Európai-Unió-Magyar-Nemzeti-Bank-mátyás-király-pénz-valuta
September 03, 2025 09:21

Hungarians have a more favorable opinion of the EU than most people would think

Majority of Hungarians would keep EU funds frozen, even at their own expense

vlagyimir putyin
September 02, 2025 13:16

Russia never objected to Ukraine's EU membership - Putin

Russian President draws red line when it comes to security guarantees

Farkas Ádám
September 02, 2025 10:15

European authorities trap banks' capital and liquidity - AFME

Sobering report published by organization led by the Financial Supervisory Authority's former chair

antónio costa
September 01, 2025 11:15

A diplomatic message? European Council President visiting all neighboring countries, except Hungary

António Costa is holding talks with the government in almost every member state in the region

európai bizottság, eu, európai unió, uniós források, uniós vizsgálat
September 01, 2025 10:05

EU's grand plan nears completion, alternative trade routes being built in the shadow of the tariff war

Text of a very important agreement leaked

LATEST NEWS
Charting is displayed using TradingView's technology, a platform, where you can build advanced charts, spot upcoming trends in the stock screener, and find inspiration in multiple trading ideas

Detailed search