Tibor Kállay de Nagykálló (6 January 1881 – 24 May 1964) 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 1921 and 1924.

Career

He studied in the

University of Budapest A university () is an institution of tertiary education and research which awards academic degrees in several academic disciplines. ''University'' is derived from the Latin phrase , which roughly means "community of teachers and scholars". Univ ...

(today: ''Eötvös Loránd University''). In autumn 1919 he served as state secretary of the Ministry of Foreign Affairs and as chairman of the Liquidating Office, which made the financial separation and the economic rehabilitation of

Austria Austria, formally the Republic of Austria, is a landlocked country in Central Europe, lying in the Eastern Alps. It is a federation of nine Federal states of Austria, states, of which the capital Vienna is the List of largest cities in Aust ...

Hungary Hungary is a landlocked country in Central Europe. Spanning much of the Pannonian Basin, 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 and ...

and the succession states (for example

Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...

and

Czechoslovakia Czechoslovakia ( ; Czech language, Czech and , ''Česko-Slovensko'') was a landlocked country in Central Europe, created in 1918, when it declared its independence from Austria-Hungary. In 1938, after the Munich Agreement, the Sudetenland beca ...

) after the

Austro-Hungarian Monarchy Austria-Hungary, also referred to as the Austro-Hungarian Empire, the Dual Monarchy or the Habsburg Monarchy, was a multi-national constitutional monarchy in Central Europe between 1867 and 1918. A military and diplomatic alliance, it consist ...

's disintegration. Kállay was appointed Minister of Finance in 1921. His major task was the keeping of

state budget A government budget is a projection of the government's revenues and expenditure for a particular period, often referred to as a financial or fiscal year, which may or may not correspond with the calendar year. Government revenues mostly include ...

's balance. In 1922 he became a member of the

Diet of Hungary The Diet of Hungary or originally: Parlamentum Publicum / Parlamentum Generale () was the most important political assembly in Hungary since the 12th century, which emerged to the position of the supreme legislative institution in the Kingdom ...

. From May 1923 he was the leader of the

League of Nations The League of Nations (LN or LoN; , SdN) was the first worldwide intergovernmental organisation whose principal mission was to maintain world peace. It was founded on 10 January 1920 by the Paris Peace Conference (1919–1920), Paris Peace ...

' financial negotiations. On 20 February 1924 he asked an authority of the parliament onto the uptake of a forced loan. The Parliament voted it down, and Kállay resigned. In 1926 he organized the Civil Unit Club. He campaigned for the secrecy of the franchise in the next year. He left the Unity Party in 1928, later represented his

constituency An electoral (congressional, legislative, etc.) district, sometimes called a constituency, riding, or ward, is a geographical portion of a political unit, such as a country, state or province, city, or administrative region, created to provi ...

as an independent MP until 1935.

References

Magyar Életrajzi Lexikon
1881 births 1964 deaths Politicians from Budapest Finance ministers of Hungary

Tibor Tibor is a masculine Hungarian given name. * Originated shortened form of the medieval Hungarian name ''Tiborc''; which originates from the ancient Latin surname Tiburtius. * from Etruscan name Tibur, which means "honest man" Some notable peopl ...

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