Kálmán Ghyczy de Ghicz, Assakürt et Ablánczkürt (12 February 1808 – 28 February 1888) was a Hungarian politician, who served as

Minister of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfolio ...

between 1874 and 1875. He became representative of

Komárom County Komárom (Hungarian: ; or ; , later ; ) is a city in Hungary on the south bank of the Danube in Komárom-Esztergom County. Komárom fortress played an important role in the Hungarian Revolution of 1848 and many contemporary English sources re ...

in 1843. During the

Hungarian Revolution of 1848 The Hungarian Revolution of 1848, also known in Hungary as Hungarian Revolution and War of Independence of 1848–1849 () was one of many Revolutions of 1848, European Revolutions of 1848 and was closely linked to other revolutions of 1848 in ...

he served as state secretary of the Ministry of Justice. After the defeat Ghyczy retired from the politics for a time. He was appointed Speaker of the House of Representatives in 1861. He didn't support the compromise with the Austrians. Later his views changed. Ghyczy founded a new party named the Central Party. He supported the case of the compromise since the left centre is a party with this practically came to an end with his secession. In 1874 he was appointed Minister of Finance, he was the only opposition member of the cabinet. He took over as Minister of Finance in a period when the budget struggled with chronic troubles. Economic optimism brought the country under control in the years after the compromise, many people waited for the taxes' reduction. Was in need of a tax increase in the truth of the budget, but nobody dared to say this. Ghyczy took over this role and the unpopularity, pushing his way for his successor's,

Kálmán Széll Kálmán Széll de Duka et Szentgyörgyvölgy (8 June 1843 – 16 August 1915) was a Hungarian politician who served as Prime Minister of Hungary from 1899 to 1903. Early career He was born in the ancient Hungarian noble family Széll de Du ...

fiscal policy. Ghyczy submitted the 1875 budget which earmarked, that from the deficiency of the budget let 13 million

forint The forint (, sign Ft; code HUF) is the currency of Hungary. It was formerly divided into 100 fillér, but fillér coins are no longer in circulation. The introduction of the forint on 1 August 1946 was a crucial step in the post-World War II sta ...

s be met the cost of from tax increases. His former ally,

Kálmán Tisza Kálmán Tisza de Borosjenő (archaic English: Coloman Tisza, or Koloman Tisza; 16 December 1830 – 23 March 1902) was a Hungarian politician during the Austro-Hungarian empire who served as the Hungary, Hungarian prime minister between 18 ...

launched a hard political campaign against the budget however and when a dot came into existence with the leadership of Tisza in 1875 of his Februaries the fusional cabinet's, Ghyczy leaving turned into one of which clear cannot be kept. According to the fusional agreement but his successor Széll, who was member of the

Deák Party The Deák Party () was a political party in Hungary in the 1860s and 1870s led by Ferenc Deák. History The Deák Party was founded in 1865 as the successor to the Address Party. It won the 1865 elections in Hungary, and also won a large major ...

, became faithful of the tax increases. Ghyczy later served again as Speaker of the House of Representatives (until 1879). In 1885 he became a member of the House of Magnates.

References