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HATC SAMPLE EDITION:
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24th July, 2026
Gov’t to slash spending on sporting events
The government will fundamentally change the financing model for major international sporting events following concerns over excessive costs at previous competitions, state secretary for sport Attila Kálnoki-Kis announced.
Based on the findings of a recent review, the government is introducing new criteria for evaluating future bids.
Events that rely almost entirely on state funding will no longer receive support, Kálnoki-Kis said.
Future government-backed competitions will have to demonstrate professional justification, reasonable costs, clear social benefits and a greater emphasis on own revenues in their financing structure.
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Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).
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