Hungary Offers Ukraine Funding Plan That Avoids Straining EU Budget or Joint Loans

Hungary proposes to finance Ukraine without doing harm to the EU budget and without a common loan, and is ready to pay its share from the national budget, Hungarian Prime Minister Viktor Orban said on Tuesday.

Providing 50 billion euros ($54.3 billion) at once for four years would seriously harm the European economy, especially since "it is unknown what will happen in four years," the official said, adding that Hungary does not support the idea of taking a joint loan.

Hungary is ready to ensure that "with the help of the Hungarian parliament, provide this amount from the Hungarian budget," which will be calculated for each country based on national economic indicators, Orban said.