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Magyar Swears In 16-Minister Cabinet as Hungary Begins Rapid Overhaul

The overhaul positions Budapest to unlock long-frozen EU funds.

Overview

  • The 16-member cabinet took office Tuesday, completing the handover to Prime Minister Péter Magyar.
  • Tisza holds 141 of 199 seats, giving the government a two-thirds majority to rewrite laws and restructure institutions.
  • Magyar gave veto power on draft laws to the finance, justice, health and education ministers to check the prime minister’s office.
  • The government will launch a National Asset Recovery and Protection Office on July 1 to trace and reclaim public money.
  • Officials set priorities to free about €17 billion in frozen EU funds and to cut the deficit toward 3% by 2030 after years of overpriced procurements.