Public media support fund has HUF 80.5bn budget for 2015

maHungary’s Media Support and Asset Management Fund (MTVA), whose assets and staff supply the output of Hungary’s public media outlets, has a budget of HUF 80.5bn for 2015. The appropriation is up from a HUF 77.9bn budget targeted for 2014. Next year HUF 71.7bn of total 2015 revenue of the fund is targeted to come from the central budget, just HUF 200m less than the target in 2014. Commercial revenue is planned to reach HUF 5.1bn next year, down from a HUF 4.6bn plan for 2014, and the remaining HUF 3.7bn will be in residuals from previous years. On the spending side, MTVA will contribute HUF 570m to the public television channels of Magyar Televizio and to Duna Televizio each, the same amount to the public radio, and will provide HUF 700m to the public news agency MTI next year. This year all four are planned to receive HUF 500m. MTVA’s budget includes HUF 6.2bn in principal repayment and HUF 3.6bn in interest and other financial expenditure. The 2015 budget bill projects the fund’s debt at the end of 2015on loans at HUF 46.5bn debt, mainly related to the purchase of its headquarters. In the same piece of legislation, MPs cleared a budget of HUF 32.4bn for the National Media and Infocommunications Authority (NMHH) next year, unchanged from 2014. About HUF 18bn of the NMHH’s revenue next year will come from various concession and frequency fees.