The Hungarian government has formally rejected a legislative amendment from its own ruling Fidesz party that would have redirected windfall tax revenues from state-controlled oil major Mol into the Household Utility Protection Fund.
The Finance Ministry confirmed the decision in response to inquiries from Economx, stating it does not support the proposal to reallocate the surplus revenue, which was intended to bolster subsidies for residential energy costs.
The rejection comes as the parliament prepares to vote on the measure, alongside other significant political developments including the removal of President Tamás Sulyok.
The decision underscores a divergence between legislative initiatives aimed at immediate consumer relief and the executive branch's current fiscal priorities.
By declining to funnel Mol's excess profits into the utility fund, the government maintains its existing budgetary framework despite rising pressure on household finances.
This development adds to a broader narrative of fiscal tightening and subsidy recalibration across Europe.