Download or read book Financing Local Government in Hungary written by Richard Miller Bird and published by World Bank Publications. This book was released on 1992 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Further reform of Hungary's new system for financing local government should strengthen local own- source revenues and should revise the normative grant, simplifying it and making allowances for local governments' revenue- raising capacity.
Download or read book Public Finance in Hungary written by and published by . This book was released on 1990 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Finance Reform During the Transition written by Lajos Bokros and published by World Bank Publications. This book was released on 1998-01-01 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public finance reform is simultaneously a process of fiscal adjustment and structural reforms in the public sector. Under socialist rule, Hungary's concept of public finance was nebulous, since there was no clear delineation between private and public sectors. As a transition country, structural reforms were aimed at creating not only sustainable institutional arrangements but were aimed at creating a government sector adapted to a market economy as well. The former socialist states were forced into abrupt transitions; and there was little time for minds and institutions to adapt. This volume aims to provide a comprehensive description of Hungary's experience of public finance reform in a former socialist economy, including: a history of the reform process; an empirical analysis of trends in public spending and revenues; evidence of Hungary's ability to move towards accession to the European Union (EU); a description of policy reforms in the public welfare system; an analysis of the reforms in key aspects of the institutional framework; and an examination of the tax system.
Download or read book Technical Terms Used in Public Finance in Hungary written by Hungary. Pénzügyminisztérium and published by . This book was released on 1994 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hungary written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-05-24 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an update to the Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency for Hungary. The paper discusses that from 2004, and in the context of the 2004 budget law, the use of privatization receipts has been limited to financing infrastructure development projects included in the central budget and approved by Parliament. Hungary’s 2003 Pre-Accession Economic Program submitted to the European Commission improved its analysis of medium-term fiscal risks and provided an estimate of the structural fiscal deficit.
Download or read book Hungary written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-01-12 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides an assessment of fiscal transparency practices in Hungary in relation to the requirements of the IMF Code of Good Practices on Fiscal Transparency. The report reveals that Hungary has increased its level of transparency in a number of areas since the last fiscal Report on the Observance of Standards and Codes in 2001. In particular, the coverage of fiscal reporting and the budget has been considerably extended. Fiscal reporting now covers virtually all of general government.
Download or read book Hungary written by Mihaly Kopanyi and published by World Bank Publications. This book was released on 2000-01-01 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modernisation of the public sector, reforming intergovernmental fiscal relations, enhancing the local capacity to implement local strategies, and developing the legislative and institutional framework for efficient delivery of public services are among the biggest challenges in transition economies. Hungary has been a pioneer in local government reform and the Hungary Subnational Development Program (SNDP) proves the value of an integrated approach.
Download or read book Concept of the Bill on Public Finances written by Hungary. Pénzügyminisztérium and published by . This book was released on 1991 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hungary written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-07-09 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Report on the Observance of Standards and Codes (ROSC) data module provides a substantive update on the assessment of Hungary’s government finance statistics against the Special Data Dissemination Standard, complemented by an assessment of data quality based on the IMF’s Data Quality Assessment Framework. Significant improvements in addressing the shortcomings identified in the original ROSC data module have been made. These improvements relate mainly to the institutional coverage of general government, consolidation of data, and so on. Significant progress has also been made toward the adoption of the Government Finance Statistics Manual 2001 framework.
Download or read book Hungary written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2019-12-05 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper describes and discusses potential implications of recent changes in Hungary’s public debt strategy. Special attention is paid to the motivation for, and recent experiences with, the “Hungarian Government Security Plus Scheme” (MÁP+) for physical persons, introduced in June 2019. One of the main benefits of retail bonds is that they usually are perceived as more stable funding. However, it is argued that MÁP+ should be continuously monitored to ensure its objectives are achieved in the most cost-efficient manner and to avoid unintended distortions. The paper also focuses on specific public debt management policies in Hungary and it briefly discusses experiences with the retail bond programs in other countries but focuses mainly on the MÁP+ bond, the initial experience with this bond, and elaborates on its potential implications. MÁP+ has many reasonable objectives, although some of them, such as higher a savings rate of households and reduced external indebtedness, are to a major extent driven by macroeconomic policies. Going forward, the question remains whether these objectives can be achieved by appreciably lower cost to the budget given less expensive alternative funding sources and policy options. Public debt management also needs to respond to changing market conditions.
Download or read book Hungary written by International Monetary Fund and published by International Monetary Fund. This book was released on 2013-03-29 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Non-performing loans (NPLs) were found to respond to macroeconomic conditions, such as GDP growth, unemployment, and inflation; there are also strong feedback effects from the banking system to the real economy. This suggests that the high NPLs that many CESEE countries currently face adversely affect the pace of economic recovery. The note also evaluates different policy options to achieve permanent fiscal consolidation in Hungary. A fiscal consolidation based on a reduction in government transfers can stimulate labor participation, and a resulting increase in the returns to capital can increase investment and output in the long term.
Download or read book Hungary written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-06-15 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic development of Hungary after the economic crisis is discussed. Hungary’s economic program supported by Stand-By Arrangement has been successful in strengthening the economy and stabilizing market conditions. Given Hungary’s high public debt and large financing needs, Executive Directors emphasized the need for full and timely implementation of consolidation measures. Directors also recognized the positive collaboration between the European Union and the IMF during the program period. Furthermore, the foreclosure moratorium continues to prevent banks from cleaning balance sheets.
Download or read book Financial Reconstruction of Hungary written by League of Nations and published by . This book was released on 1924 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book State Budget written by Hungary and published by . This book was released on 1990 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Information on the Three year s Economic Programme written by and published by . This book was released on 1991 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assesses the development potential of the economy for the years 1991 to 1993.
Download or read book The Composition of Fiscal Consolidation Matters written by Mr.Alejandro D. Guerson and published by International Monetary Fund. This book was released on 2013-10-04 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper evaluates policy alternatives to achieve permanent fiscal consolidation in Hungary, based on a general equilibrium calibration. The main finding is that the composition of the consolidation, as determined by the mix of revenue and expenditure measures, has important implications for growth, employment, investment, and other key macroeconomic variables. A reduction in current expenditures yields the smallest GDP contraction in the short term and can increase output in the long term by stimulating labor participation and private investment. On the other end of the spectrum, a consolidation of government investment and corporate taxes are the most costly, as disincentives for private investment result in protracted declines in GDP that compound over time to GDP losses that are multiple times the initial size of the consolidation.
Download or read book Technical Terms Used in Public Finance in Hungary written by and published by . This book was released on 1992 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt:
