Károly Olt (14 May 1904 – 22 March 1985) was a
Hungarian politician, who served as
Minister of Finance
A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation.
A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...
between 1950 and 1956.
He moved from
Zagreb
Zagreb ( , , , ) is the capital (political), capital and List of cities and towns in Croatia#List of cities and towns, largest city of Croatia. It is in the Northern Croatia, northwest of the country, along the Sava river, at the southern slop ...
to
Hungary
Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia a ...
in 1920 (after the
Treaty of Trianon
The Treaty of Trianon (french: Traité de Trianon, hu, Trianoni békeszerződés, it, Trattato del Trianon) was prepared at the Paris Peace Conference (1919–1920), Paris Peace Conference and was signed in the Grand Trianon château in ...
). He became a member of the
Hungarian Communist Party
The Hungarian Communist Party ( hu, Magyar Kommunista Párt, abbr. MKP), known earlier as the Party of Communists in Hungary ( hu, Kommunisták Magyarországi Pártja, abbr. KMP), was a communist party in Hungary that existed during the interwar ...
in 1930. He was arrested and condemned because of his communist activities. After that Olt took part in the reestablishment of the communist party. Between 1947 and 1 June 1949 he served as Minister of Welfare. He was appointed Speaker of the National Assembly of Hungary in 1949. Between 1950 and 1951 he worked as secretary of the Presidential Council. After his financial ministership he was a member of the party's Central Leadership. Between 1957 and 1961 he was one of the members of the Presidential Council.
References
Magyar Életrajzi Lexikon
1904 births
1985 deaths
Politicians from Zagreb
People from the Kingdom of Croatia-Slavonia
Hungarian Lutherans
Social Democratic Party of Hungary politicians
Hungarian Communist Party politicians
Members of the Hungarian Working People's Party
Members of the Hungarian Socialist Workers' Party
Finance ministers of Hungary
Speakers of the National Assembly of Hungary
Members of the National Assembly of Hungary (1945–1947)
Members of the National Assembly of Hungary (1947–1949)
Members of the National Assembly of Hungary (1949–1953)
Members of the National Assembly of Hungary (1953–1958)
Members of the National Assembly of Hungary (1958–1963)
Members of the National Assembly of Hungary (1963–1967)
20th-century Hungarian economists
20th-century Lutherans
Hungarians of Croatia
{{Hungary-politician-stub