Prime Minister of Hungary Péter Magyar said that, as part of an agreement with the European Union, €16.4 billion in funds have been unlocked for Hungary.
Magyar stated that negotiations continued late into the night and early this morning, as Hungary “fought for every cent.”
He said the total package of released EU funds amounts to €16.4 billion, according to The Guardian, as reported by Gazeta Express.
According to him, this amount represents around 13% of Hungary’s state budget, “so you can understand the scale of the funds we are talking about.”
European Commission President Ursula von der Leyen explained the breakdown of the total sum: €10 billion comes from the post-COVID recovery fund “NextGenerationEU,” €4.2 billion from EU cohesion funds, and €2.2 billion for academic freedom.
In total, it amounts to €16.4 billion — or, as von der Leyen described it, “a rather large sum.”
Magyar said his government has “the strongest governing majority in Europe,” which will allow it to pass all relevant laws, while early polls reportedly show further rising support for his party, the Tisza Party.
He added that the political agreement reached today sends “a very strong political signal.”
