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Hungary's central budget 1868-1949

Act III of 1848 on the formation of the first independent, responsible Government (which was called responsible Ministry at the time) was the first statute in Hungarian history to declare the right of the Lower House of the Diet to create an annual central budget for the country:

Article 37

Each year the Ministry shall submit for perusal and approval to the Lower House [a document on] the [planned] revenues and expenses of the country and the appropriation accounts of the past period.

Since then it has become routine that the central budget is drawn up by the Ministry of Finance, submitted by the Government and adopted by the Parliament. Between 1868 and 1914 the budgets covered periods between 1 January and 31 December; between 1914 and 1940 the budget periods covered the second half of one year and the first half of the next; between 1941 and 1944 there was a return to the 1 January–31 December format; between 1946 and 1948 the 1 July–30 June format was revived; and since 1949 the 1 January–31 December format has been applied. For historical reasons Hungary did not have a central budget in 1910, 1915–16, 1919–20 and 1945. Without budgets in those years, the library does not have a budget volume to cover those years. The volumes of budgets dating to before 1918 often exceed 1500 pages and the thickest ones (that of 1911 and 1913) are in excess of 3000 pages.

When the Parliament wishes to check on the implementation of a budget, it examines the appropriation accounts. The Parliamentary Collection of our library keeps volumes of appropriation accounts as from 1868. They document the implementation of the central budgets, the actual revenues and expenses.

Last modified on Sunday, 02 December 2012 01:03
More in this category: « Standing orders 1848-1990