2010 budget targets Ft 101 billion from state asset manager

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The 2010 budget targets revenue from the management of state-owned assets of HUF 101.4bn, about the same as the HUF 100bn targeted for 2009.

The budget targets HUF 38bn from privatisations, including HUF 34.5bn from the sale of real estate, and HUF 63.5bn from the use of state-owned assets.

The biggest properties to be privatised in 2010 are the National Psychiatry and Neurological Institute building, with an estimated value of HUF 6bn, and the Szabolcs Street hospital, with a value of HUF 9bn.

The sale of some 25,000 hectares of farmland is expected to generate HUF 10bn. Hungary’s National Asset Management Company (MNV) expects to rent 40,000 hectares of land to farmers in 2010.

MNV counts on more than HUF 30bn of dividends, including HUF 15bn from the Hungarian Electricity Works (MVM).

The 2010 budgets targets expenditures related to the management of state-owned assets of HUF 81.4bn.

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