Kálmán Ghyczy
Encyclopedia
Kálmán Ghyczy de Ghicz, Assakürt et Ablánczkürt (12 February 1808 - 28 February 1888) was a Hungarian
Hungary
Hungary , officially the Republic of Hungary , is a landlocked country in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west. The...

 politician, who served as Minister of Finance between 1874 and 1875. He became representative of Komárom County
Komárom county
Komárom county was a historic administrative county of the Kingdom of Hungary in present-day southern Slovakia and north-western Hungary on both sides of the...

 in 1843. During the Hungarian Revolution of 1848
Hungarian Revolution of 1848
The Hungarian Revolution of 1848 was one of many of the European Revolutions of 1848 and closely linked to other revolutions of 1848 in the Habsburg areas...

 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
Kálmán Széll
Kálmán Széll de Duka et Szentgyörgyvölgy was a Hungarian politician who served as Prime Minister of Hungary from 1899 to 1903.-Political career:...

 fiscal policy.

Ghyczy submitted the 1875 budget which earmarked, that from the deficiency of the budget let 13 million forints be met the cost of from tax increases. His former ally, Kálmán Tisza
Kálmán Tisza
Kálmán Tisza de Borosjenő was the Hungarian prime minister between 1875 and 1890. He is credited for the formation of a consolidated Magyar government, the foundation of the new Liberal Party and major economic reforms that would both save and eventually lead to a government with popular...

 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, became faithful of the tax increases.

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