Budgetary responsibility for the lion’s share of the academy’s money has been transferred to the government
Efforts by the Hungarian Academy of Sciences (MTA) to maintain control over the majority of its finances have been unsuccessful. With the approval of Hungary’s budget on 20 July, annual funding for the academy of around HUF28 billion (£76.5 million) will be transferred to the Ministry of Innovation and Technology. The academy has a total budget of HUF40 billion which is used to pay staff, fund research projects and institutions.