Kálmán Ghyczy

Who was Kálmán Ghyczy?

Kálmán Ghyczy de Ghicz, Assakürt et Ablánczkürt was a Hungarian politician, who served as Minister of Finance between 1874 and 1875. He became representative of Komárom County in 1843. During the Hungarian Revolution of 1848 he served as state secretary of the Ministry of Justice. After the defeat Ghyczy retired from the politics for a temporary 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 which name's was 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 the 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, nobody dared to say this only. Ghyczy took over this role and the unpopularity, pushing his way for his successor's, Kálmán Széll fiscal policy.