Minister of Finance (Hungary)

The minister of finance (Hungarian: pénzügyminiszter) is a member of the Hungarian cabinet and the head of the Ministry of Finance. The current minister is Mihály Varga.

The position was called as People's Commissar of Finance (Hungarian: pénzügyi népbiztos) during the Hungarian Soviet Republic in 1919, and as Minister of National Economy (Hungarian: nemzetgazdasági miniszter) between 2010 and 2018.

Ministers of finance (1848–1919)

Hungarian Kingdom (1848–1849)

Parties   Opposition Party   Independent

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
1 Lajos Kossuth
(1802–1894)		 7 April 1848 12 September 1848 Opposition Party Batthyány Last Diet
1 (1848)
— Lajos Batthyány
(1807–1849)
acting		 12 September 1848 28 September 1848 Opposition Party
2 Ferenc Duschek
(1797–1872)		 28 September 1848 2 October 1848 Independent
2 October 1848 14 April 1849 Committee of National Defence

Hungarian State (1849)

Parties   Independent

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
1 Ferenc Duschek
(1797–1872)		 14 April 1849 2 May 1849 Independent Committee of National Defence 1 (1848)
2 May 1849 11 August 1849 Szemere

After the collapse of the Hungarian Revolution of 1848, the Hungarian Kingdom became an integral part of the Austrian Empire until 1867, when dual Austro-Hungarian Monarchy was created.

Hungarian Kingdom (1867–1918)

Parties   Deák Party/Liberal Party/National Party of Work   Left Centre   National Constitution Party   F48P/F48P–Károlyi   Independent

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
1 Menyhért Lónyay
(1822–1884)		 20 February 1867 21 May 1870 Deák Party Andrássy
DP		 3 (1865)
4 (1869)
2 Károly Kerkapoly
(1824–1891)		 21 May 1870 14 November 1871 Deák Party
14 November 1871 4 December 1872 Lónyay
DP
5 (1872)
4 December 1872 19 December 1873 Szlávy
DP
— József Szlávy
(1818–1900)
acting		 19 December 1873 21 March 1874 Deák Party
3 Kálmán Ghyczy
(1808–1888)		 21 March 1874 2 March 1875 Left Centre Bittó
DP–BK
4 Kálmán Széll
(1843–1915)		 2 March 1875 20 October 1875 Liberal Party Wenckheim
SZP
20 October 1875 3 October 1878 K. Tisza
SZP		 6 (1875)
7 (1878)
— Kálmán Széll
(1843–1915)
acting		 3 October 1878 11 October 1878
— Kálmán Tisza
(1830–1902)
acting		 11 October 1878 5 December 1878 Liberal Party
5 Gyula Szapáry
(1832–1905)		 5 December 1878 11 February 1887 Liberal Party
— Kálmán Tisza
(1830–1902)
acting		 11 February 1887 9 April 1889 Liberal Party
6 Sándor Wekerle
(1848–1921)
1st term		 9 April 1889 13 March 1890 Liberal Party
13 March 1890 17 November 1892 Szapáry
SZP		 11 (1892)
17 November 1892 15 January 1895 Wekerle I
SZP
7 László Lukács
(1850–1932)
1st term		 15 January 1895 26 February 1899 Liberal Party Bánffy
SZP
12 (1896)
26 February 1899 27 June 1903 Széll
SZP
13 (1901)
27 June 1903 3 November 1903 Khuen-Héderváry I
SZP
3 November 1903 18 June 1905 I. Tisza I
SZP
— Géza Fejérváry
(1833–1914)
acting		 18 June 1905 6 March 1906 Independent Fejérváry
SZP		 14 (1905)
8 Ferenc Hegedűs
(1856–1909)		 6 March 1906 8 April 1906 Independent
(6) Sándor Wekerle
(1848–1921)
2nd term		 8 April 1906 17 January 1910 National Constitution Party Wekerle II
F48P–OAP–KNP–PDP		 15 (1906)
(7) László Lukács
(1850–1932)
2nd term		 17 January 1910 22 April 1912 National Party of Work Khuen-Héderváry II
NMP
16 (1910)
9 János Teleszky
(1868–1939)		 22 April 1912 10 June 1913 National Party of Work Lukács
NMP
10 June 1913 15 June 1917 I. Tisza II
NMP
10 Gusztáv Gratz
(1875–1946)		 15 June 1917 23 August 1917 National Party of Work Esterházy
NMP–F48P–OAP–PDP–KNP
23 August 1917 16 September 1917 Wekerle III
NMP–F48P–OAP–PDP–KNP
— Sándor Wekerle
(1848–1921)
acting		 16 September 1917 11 February 1918 National Constitution Party
11 Sándor Popovics
(1862–1935)		 11 February 1918 31 October 1918 National Constitution Party
— János Grünn
(1864–1932)		 30 October 1918 31 October 1918 Independent Hadik
not formed
— Mihály Károlyi
(1875–1955)
acting		 31 October 1918 16 November 1918 F48P–Károlyi M. Károlyi
F48P–Károlyi–PRP–MSZDP		 MNT (—)

Hungarian People's Republic (1918–1919)

Parties   F48P–Károlyi   Civic Radical Party (PRP)

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
— Mihály Károlyi
(1875–1955)
acting		 16 November 1918 25 November 1918 F48P–Károlyi M. Károlyi
F48P–Károlyi–PRP–MSZDP		 MNT (—)
1 Pál Szende
(1879–1934)		 25 November 1918 19 January 1919 PRP
19 January 1919 21 March 1919 Berinkey
F48P–Károlyi–PRP–MSZDP–OKGFP

People's commissars of finance (1919)

Hungarian Soviet Republic (1919)

Parties   MSZP/SZKMMP

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
1 Jenő Varga
(1879–1964)		 21 March 1919 3 April 1919 MSZP Central Executive Council
MSZP/SZKMMP		 TOGY (—)
2 Béla Székely
(1889–1939)
serving with Gyula Lengyel		 3 April 1919 24 June 1919 MSZP/SZKMMP
(2) Béla Székely
(1889–1939)		 24 June 1919 1 August 1919
2 Gyula Lengyel
(1888–1941)
serving with Béla Székely		 3 April 1919 24 June 1919 MSZP/SZKMMP

Counter-revolutionary governments (1919)

Parties   Independent

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
— Lajos Solymossy
1st term		 5 May 1919 31 May 1919 Independent Arad —
— Gusztáv Gratz
(1875–1946)		 31 May 1919 6 June 1919 Independent Szeged I
— Lajos Solymossy
2nd term		 6 June 1919 12 July 1919 Independent Szeged II
— Antal Éber
(1872–1950)		 12 July 1919 12 August 1919 Independent Szeged III

Ministers of finance (1919–2010)

Hungarian People's Republic (1919)

Parties   MSZDP

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
1 Ferenc Miákits
(1876–1924)		 1 August 1919 6 August 1919
(deposed)		 MSZDP Peidl
MSZDP		 —
— Gyula Peidl
(1873–1943)
acting for Ferenc Miákits		 2 August 1919 6 August 1919
(deposed)		 MSZDP

Hungarian Republic (1919–1920)

Parties   National Smallholders and Agricultural Labourers Party (OKGFP)   Independent

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
1 János Grünn
(1864–1932)		 15 August 1919 12 September 1919 Independent Friedrich
KNP/KNEP–OKGFP		 —
2 Frigyes Korányi
(1869–1935)		 12 September 1919 24 November 1919 OKGFP
24 November 1919 29 February 1920 Huszár
KNEP–OKGFP–MSZDP–NDPP

Hungarian Kingdom (1920–1946)

Parties   National Smallholders and Agricultural Labourers Party (OKGFP)   KNEP   EP–NEP–MÉP   Independent

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
1 Frigyes Korányi
(1869–1935)
1st term		 29 February 1920 15 March 1920 OKGFP Huszár
KNEP–OKGFP–MSZDP–NDPP		 —
15 March 1920 19 July 1920 Simonyi-Semadam
KNEP–OKGFP		 17 (1920)
19 July 1920 16 December 1920 Teleki I
KNEP–OKGFP
2 Lóránt Hegedüs
(1872–1943)		 16 December 1920 14 April 1921 Independent
14 April 1921 27 September 1921 Bethlen
(KNEP–OKGFP)→EP
— Lajos Hegyeshalmi
(1862–1925)
acting		 27 September 1921 4 October 1921 KNEP
— István Bethlen
(1874–1946)
acting		 4 October 1921 3 December 1921 KNEP
3 Tibor Kállay
(1881–1964)		 3 December 1921 2 February 1922 KNEP
(3) 2 February 1922 20 February 1924 EP
18 (1922)
— Lajos Walko
(1880–1954)
acting		 20 February 1924 25 March 1924 EP
(1) Frigyes Korányi
(1869–1935)
2nd term		 25 March 1924 15 November 1924 EP
4 János Bud
(1880–1950)		 15 November 1924 5 September 1928 EP
19 (1926)
5 Sándor Wekerle Jr.
(1878–1963)		 5 September 1928 24 August 1931 EP
20 (1931)
— Gyula Károlyi
(1871–1947)
acting		 24 August 1931 16 December 1931 EP G. Károlyi
EP–KGSZP
(1) Frigyes Korányi
(1869–1935)
3rd term		 16 December 1931 1 October 1932 EP
6 Béla Imrédy
(1891–1946)		 1 October 1932 6 January 1935 NEP Gömbös
NEP
7 Tihamér Fabinyi
(1890–1953)		 6 January 1935 6 October 1936 NEP
21 (1935)
6 October 1936 9 March 1938 Darányi
NEP
8 Lajos Reményi-Schneller
(1892–1946)		 9 March 1938 14 May 1938 NEP
14 May 1938 16 February 1939 Imrédy
NEP
(8) 16 February 1939 3 April 1941 MÉP Teleki II
MÉP
22 (1939)
3 April 1941 9 March 1942 Bárdossy
MÉP
9 March 1942 22 March 1944 Kállay
MÉP
22 March 1944 29 August 1944 Sztójay
MÉP–MMP
29 August 1944 16 October 1944 Lakatos
MÉP

Government of National Unity (1944–1945)

Parties   Independent

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
1 Lajos Reményi-Schneller
(1892–1946)		 16 October 1944 28 March 1945 Independent Szálasi
NYKP–MMP		 —

Soviet-backed provisional governments (1944–1946)

Parties   FKGP

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
1 István Vásáry
(1887–1955)		 22 December 1944 21 July 1945 FKGP Provisional National Government
FKGP–MKP–MSZDP–NPP–PDP		 INGY (1944)
2 Imre Oltványi
(1893–1963)		 21 July 1945 15 November 1945 FKGP
3 Ferenc Gordon
(1893–1971)		 15 November 1945 1 February 1946 FKGP Tildy
FKGP–MKP–MSZDP–NPP		 23 (1945)

Hungarian Republic (1946–1949)

Parties   FKGP   MDP

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
1 Ferenc Gordon
(1893–1971)		 1 February 1946 26 August 1946 FKGP F. Nagy
FKGP–MKP–MSZDP–NPP		 23 (1945)
2 Jenő Rácz
(1907–1981)		 26 August 1946 14 March 1947 FKGP
3 Miklós Nyárádi
(1905–1976)		 14 March 1947 31 May 1947 FKGP
31 May 1947 10 December 1948 Dinnyés
MKP–FKGP–MSZDP–NPP
24 (1947)
— Ernő Gerő
(1898–1980)
acting for Miklós Nyárádi		 3 December 1948 10 December 1948 MDP
— Ernő Gerő
(1898–1980)
acting		 10 December 1948 18 February 1949
4 Ernő Gerő
(1898–1980)		 18 February 1949 11 June 1949 Dobi
MDP–FKGP–NPP
25 (1949)
5 István Kossa
(1904–1965)		 11 June 1949 20 August 1949 MDP

Hungarian People's Republic (1949–1989)

Parties   MDP-MSZMP   MSZP

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
1 István Kossa
(1904–1965)
1st term		 20 August 1949 24 February 1950 MDP Dobi
MDP		 25 (1949)
2 Károly Olt
(1904–1985)		 24 February 1950 14 August 1952 MDP
14 August 1952 4 July 1953 Rákosi
MDP
4 July 1953 18 April 1955 I. Nagy I
MDP		 26 (1953)
18 April 1955 24 October 1956 Hegedüs
MDP
(1) István Kossa
(1904–1965)
2nd term		 24 October 1956 3 November 1956 MDP I. Nagy II
MDP/MSZMP–FKGP
4 November 1956 9 May 1957 MSZMP Kádár I
MSZMP
3 István Antos
(1908–1960)		 9 May 1957 28 January 1958 MSZMP
28 January 1958 5 January 1960
(died in office)		 Münnich
MSZMP
26 (1953)
4 Rezső Nyers
(1923–2018)		 5 January 1960 13 September 1961 MSZMP
13 September 1961 27 November 1962
Kádár II
MSZMP
5 Mátyás Tímár
(1923–2020)		 27 November 1962 30 June 1965 MSZMP
28 (1963)
30 June 1965 14 April 1967 Kállai
MSZMP
6 Péter Vályi
(1919–1973)		 14 April 1967 12 May 1971 MSZMP Fock
MSZMP		 29 (1967)
7 Lajos Faluvégi
(1924–1999)		 12 May 1971 15 May 1975 MSZMP 30 (1971)
15 May 1975 27 June 1980 Lázár
MSZMP
31 (1975)
8 István Hetényi
(1926–2008)		 27 June 1980 31 December 1986 MSZMP 32 (1980)
33 (1985)
9 Péter Medgyessy
(1942–)		 1 January 1987 25 June 1987 MSZMP
25 June 1987 15 December 1987 Grósz
MSZMP
10 Miklós Villányi
(1931–)		 15 December 1987 24 November 1988 MSZMP
24 November 1988 9 May 1989 Németh
(MSZMP)→MSZP
11 László Békesi
(1942–)		 10 May 1989 7 October 1989 MSZMP
(11) 7 October 1989 23 October 1989 MSZP

Hungarian Republic (1989–2010)

Parties   MSZP   MDF   Fidesz   Independent

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
— László Békesi
(1942–)
provisional		 23 October 1989 23 May 1990 MSZP Németh
MSZP		 —
1 Ferenc Rabár
(1929–1999)		 23 May 1990 19 December 1990 Independent Antall
MDF–FKGP–KDNP		 34 (1990)
2 Mihály Kupa
(1941–)		 20 December 1990 11 February 1993 MDF
3 Iván Szabó
(1934–2005)		 24 February 1993 21 December 1993 MDF
21 December 1993 15 July 1994 Boross
MDF–EKGP–KDNP
4 László Békesi
(1942–)		 15 July 1994 28 February 1995 MSZP Horn
MSZP–SZDSZ		 35 (1994)
5 Lajos Bokros
(1954–)		 1 March 1995 29 February 1996 Independent
6 Péter Medgyessy
(1942–)		 1 March 1996 7 Jule 1998 Independent
7 Zsigmond Járai
(1951–)		 8 Jule 1998 31 December 2000 Independent Orbán I
Fidesz–FKGP–MDF		 36 (1998)
8 Mihály Varga
(1965–)
1st term		 1 January 2001 27 May 2002 Fidesz
9 Csaba László
(1962–)		 27 May 2002 15 February 2004 Independent Medgyessy
MSZP–SZDSZ		 37 (2002)
10 Tibor Draskovics
(1955–)		 15 February 2004 4 October 2004 Independent
4 October 2004 24 April 2005 Gyurcsány I
MSZP–SZDSZ
11 János Veres
(1957–)		 24 April 2005 9 June 2006 MSZP
9 June 2006 16 April 2009 Gyurcsány II
MSZP–SZDSZ		 38 (2006)
12 Péter Oszkó
(1973–)		 16 April 2009 29 May 2010 Independent Bajnai
MSZP

Ministers of national economy (2010–2018)

Hungarian Republic / Hungary (2010–2018)

Parties   Fidesz

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
1 György Matolcsy
(1955–)		 29 May 2010 3 March 2013 Fidesz Orbán II
Fidesz–KDNP		 39 (2010)
2 Mihály Varga
(1965–)
2nd term		 3 March 2013 6 June 2014 Fidesz
6 June 2014 18 May 2018 Orbán III
Fidesz–KDNP		 40 (2014)

Ministers of finance (2018–present)

Hungarian Republic / Hungary (2018–present)

Parties   Fidesz

No. Portrait Name
(Birth–Death)		 Term of office Political party Cabinet Assembly
(Election)
1 Mihály Varga
(1965–)
2nd term		 18 May 2018 24 May 2022 Fidesz Orbán IV
Fidesz–KDNP		 41 (2018)
24 May 2022 Incumbent Orbán V
Fidesz–KDNP		 42 (2022)

See also
Cabinet ministers
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