Finely chop the onion and garlic, dice the bell pepper and tomatoes, and cut the beef into bite-sized pieces.
In a large skillet or pot, heat the oil or lard over medium heat. Sauté the onion until translucent.
Add the garlic and Hungarian sweet paprika, stirring quickly to prevent burning.
Add the beef, season with salt and pepper, and sear until browned on all sides.
Stir in the ground cumin, diced bell pepper, and tomatoes. Pour in the beef broth.
Cover and simmer over low heat for about 1.5 hours, or until the beef is very tender.
Meanwhile, cook the rice in salted water according to package directions. Stir the cooked rice into the goulash mixture.
Before serving, garnish with fresh parsley and serve immediately.
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