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Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 56
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Book Description
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 56
Get Book Here
Book Description
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484372387
Category : Business & Economics
Languages : en
Pages : 62
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Book Description
This 2018 Article IV Consultation highlights that the headline inflation in Hungary has started to pick up, mainly owing to higher energy prices, while core inflation has been running sideways over the past six months, despite emerging capacity constraints. Unemployment remains on a decreasing trend, and labor shortages are intensifying despite the improvement in participation rates. The 2017 general government fiscal deficit narrowed to 2 percent of GDP, compared with the budgeted 2.4 percent. This outcome was mostly driven by strong GDP growth and reduced interest payments. The IMF staff projects the 2018 overall fiscal deficit at about 2.4 percent of GDP, in line with the budget’s target.
Author: Hana Polackova Brixi
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 56
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Book Description
Hungary's government has made great progress toward revealing the true fiscal cost of its budgetary and off-budget programs, containing the financial risks of its policies, and improving the management of public expenditures and contingent liabilities. Although far from complete, fiscal adjustment in Hungary has been successful not only in cutting the budget deficit but also in reducing less visible aspects of fiscal vulnerability.
Author: MissCatriona Purfield
Publisher: International Monetary Fund
ISBN: 1451845472
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
In the 1990s, transition countries underwent large adjustments to address fiscal imbalances. This paper examines whether the factors identified in the literature on advanced economies, the size and composition of adjustment, are important in transition economies. It finds that larger consolidations were more successful in addressing fiscal imbalances on a durable basis. Policies focusing on expenditure reductions were more successful than those relying on revenue increases. There is little evidence of expansionary fiscal contractions, but fiscal contractions did not have a significantly negative impact on growth either. Few fiscal stimuli succeeded in boosting growth.
Author: Mr.J. D. Craig
Publisher: International Monetary Fund
ISBN: 155775697X
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451817940
Category : Business & Economics
Languages : en
Pages : 43
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Book Description
This 2002 Article IV Consultation highlights that although economic growth of Hungary slowed in 2001, the economy showed considerable resilience to the weaker external environment. GDP growth was a still respectable 3.8 percent, down from 5.2 percent in 2000 but higher than most other countries in the region. Although export growth decelerated as the year progressed, it nevertheless outpaced growth in Hungary’s export markets. Domestic demand was partly supported by buoyant private consumption on the back of strong real wage gains. Meanwhile, the unemployment rate edged down to 5.6 percent by the start of 2002.
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 145196806X
Category : Business & Economics
Languages : en
Pages : 16
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Book Description
World Economic Outlook Update, IMF's Future role Debated, Poor Countries Face Crisis Impact, Eastern Europe's Currency Risk, Interview with Hamad Al Suwaidi, Mideast-Central Asia Outlook, Pacific Islands Face Pressures, Interview with IMF Statistics Director, News Briefs.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264194053
Category :
Languages : en
Pages : 170
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Book Description
This 2002 edition of OECD's periodic review of Hungary's economy examines recent economic developments, policies and prospects and includes special features on public expenditure and structural policy.
Author: Mr.Alejandro D. Guerson
Publisher: International Monetary Fund
ISBN: 1475565631
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
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.
Author: István Benczes
Publisher: Central European University Press
ISBN: 6155211329
Category : Political Science
Languages : en
Pages : 270
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Book Description
The book provides a clear, multidisciplinary and systematic analysis of the relatively new concept of the so-called expansionary fiscal consolidations. This concept suggests that fiscal adjustment should not be in trade-off with economic growth if certain conditions are met. But why do only a few countries and only at certain times experience the expansionary effects, while others not at all? The necessary institutional conditions and circumstances have been totally neglected in the literature, or analyzed only partially at best.
