Tibor Kállay Explained

Tibor Kállay
Order:Minister of Finance of Hungary
Term Start:3 December 1921
Term End:20 February 1924
Predecessor:István Bethlen
Successor:Lajos Walko
Birth Date:6 January 1881
Birth Place:Budapest, Austria-Hungary
Death Place:Budapest, People's Republic of Hungary
Profession:politician, economist
Party:KNEP, Unity Party

Tibor Kállay de Nagykálló (6 January 1881 – 24 May 1964) was a Hungarian politician, who served as Minister of Finance between 1921 and 1924.

Career

He studied in the University of Budapest (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, Hungary and the succession states (for example Romania and Czechoslovakia) after the Austro-Hungarian Monarchy's disintegration.

Kállay was appointed Minister of Finance in 1921. His major task was the keeping of state budget's balance. In 1922 he became a member of the Diet of Hungary. From May 1923 he was the leader of the League of Nations' 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 as an independent MP until 1935.

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