Recovery of national wealth

10 Years of Civil Governance - Part 21

Recovery of national wealth

The Institute of Perspectives also discussed the issue of national wealth:
“In order to protect the national public property, the National Trustee has been strengthened, a unified office system has been established, within which an independent national property management policy operates. From 2010 to 2018, the value of state assets increased by more than 50 percent, by about HUF 6,000 billion. ”

Exactly, the state assets amounting to HUF 11,650 billion in 2010 reached HUF 17,743 billion by 2020 (1) (2). Of this, 62% is real estate and 21% is a company share, so the state owns nearly 600 companies.
The state’s operating assets (shareholdings in companies) accounted for 30% of GDP in 2002, falling to 3% after the destruction of left-liberals. By 2018, we have reached 8% of GDP thanks to civic governance (3). It seems how much easier it is to break down than to build something (4).

It is worth noting the short-term mindset that the left-liberals took in relation to gas suppliers (5): they sold the majority stake in gas suppliers to foreign companies for a one-time benefit, nearly doubling the price of gas. Ultimately, the Hungarian people drank the juice of the negligence of the left-liberals. This ended with a civilian government led by Viktor Orbán with the repossession of shares and a 25% reduction in overheads.

The Mátra Power Plant, which plays a strategic role, was recovered in 2019 from the former majority German owner with the help of Opus Zrt. The power plant covers 17% of Hungary's electricity supply and will be upgraded shortly.
Meanwhile, the MNB, led by György Matolcsy, increased (tenfold) Hungary's gold reserves from 3.1 tonnes to 31.5 tonnes, representing a profit of HUF 160 billion due to the increase in the value of gold (7).

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Tags: Economy  Nation