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Budapest doesn’t have liquidity problem, says deputy mayor

Budapest's liquidity is not under threat, Ambrus Kiss, the city's deputy mayor, said on Thursday.

“Despite reports to the contrary, it’s only the Hungarian government that wants to see a bankruptcy here, but we don’t see it,” Kiss told a press event, adding: “If someone’s bankrupt, how can they charge their account?”

Kiss said the Budapest metropolitan council’s current account was 4.2 billion forints (EUR 10.6m) in the red and had an overdraft limit of 60 billion forints.

The deputy mayor said the account would be in the black if the central government had transferred the funds it had promised for the renovation of Chain Bridge.

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