Károly Olt

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Károly Olt
Minister of Finance of Hungary
In office
24 February 1950 – 24 October 1956
Preceded by István Kossa
Succeeded by István Kossa
Personal details
Born (1904-05-14)May 14, 1904
Zagreb, Kingdom of Croatia-Slavonia, Austria-Hungary
Died 22 March 1985(1985-03-22) (aged 80)
Budapest, People's Republic of Hungary
Political party MDP, MSZMP
Profession politician, economist
The native form of this personal name is Olt Károly. This article uses Western name order when mentioning individuals.

Károly Olt (14 May 1904 - 22 March 1985) was a Hungarian politician, who served as Minister of Finance between 1950 and 1956.

He moved from Transylvania to Hungary in 1920 (after the Treaty of Trianon). He became a member of the Hungarian Communist Party in 1930. He was arrested and condemned because of his communist activities. After that Olt took part in the reestablishment of the communist party. Between 1947 and 1 June 1949 he served as Minister of Welfare. He was appointed Speaker of the National Assembly of Hungary in 1949. Between 1950 and 1951 he worked as secretary of the Presidential Council. After his financial ministership he was a member of the party's Central Leadership. Between 1957 and 1961 he was one of the members of the Presidential Council.


Political offices
Preceded by
Imre Nagy
Speaker of the National Assembly
Succeeded by
Lajos Drahos
Preceded by
István Kossa
Minister of Finance
Succeeded by
István Kossa