More than 2.6 trillion forints of state money moved into private equity funds
According to the latest report by Transparency International Hungary, a significant amount of state funds has flowed into private equity funds. Four state-owned companies have committed a total of more than 2,645 billion forints in investments in various funds registered in Hungary and abroad.
The operation of private equity funds is often opaque, as these organizations are not required to disclose their ultimate beneficial owners. According to the report, this practice raises serious questions regarding the accountability of the use of public funds.
The sums in question are substantial, and state-owned companies have made these investments to achieve various economic goals. However, experts argue that with these types of financial arrangements, it is difficult to track exactly who is profiting from state subsidies and investments.
Regarding the matter, Transparency International emphasized the importance of transparency. They believe that when managing public funds, it is essential for the public to see exactly for what purposes and under what conditions taxpayers' money is being used.
Following the publication of the report, professional and political debate is expected to continue on how to make state investments safer and more transparent in the future.