Budgeting in Hungary:
This review of the Hungarian budget process was carried out in May 2006. The review covers budget formulation, budget execution, parliamentary approval, accounting and auditing, and sub-national financing. Hungary has modernised its budget process over the last ten years, first as part of the pre-ac...
Gespeichert in:
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| Weitere Verfasser: | , , |
| Format: | Elektronisch Artikel |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2007
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This review of the Hungarian budget process was carried out in May 2006. The review covers budget formulation, budget execution, parliamentary approval, accounting and auditing, and sub-national financing. Hungary has modernised its budget process over the last ten years, first as part of the pre-accession programme and then, since EU accession in 2004, in connection with the Convergence Programme 2005-08. Nevertheless, there remain some shortcomings which include the focus on the actual (non-cyclically adjusted) deficit, the focus on the budget year rather than the medium term, the lack of rules of budgetary discipline, and the lack of transparency concerning forecasts and outcomes. Hungary's long-term growth record and general economic outlook are good, but institutional reform to correct these shortcomings is important for fiscal consolidation and macroeconomic stability. |
| Beschreibung: | 1 Online-Ressource (63 p.) |
| DOI: | 10.1787/budget-v6-art14-en |
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| 520 | |a This review of the Hungarian budget process was carried out in May 2006. The review covers budget formulation, budget execution, parliamentary approval, accounting and auditing, and sub-national financing. Hungary has modernised its budget process over the last ten years, first as part of the pre-accession programme and then, since EU accession in 2004, in connection with the Convergence Programme 2005-08. Nevertheless, there remain some shortcomings which include the focus on the actual (non-cyclically adjusted) deficit, the focus on the budget year rather than the medium term, the lack of rules of budgetary discipline, and the lack of transparency concerning forecasts and outcomes. Hungary's long-term growth record and general economic outlook are good, but institutional reform to correct these shortcomings is important for fiscal consolidation and macroeconomic stability. | ||
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| indexdate | 2024-11-26T14:56:12Z |
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| spelling | Kraan, Dirk-Jan VerfasserIn aut Budgeting in Hungary Dirk-Jan, Kraan ... [et al] Paris OECD Publishing 2007 1 Online-Ressource (63 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This review of the Hungarian budget process was carried out in May 2006. The review covers budget formulation, budget execution, parliamentary approval, accounting and auditing, and sub-national financing. Hungary has modernised its budget process over the last ten years, first as part of the pre-accession programme and then, since EU accession in 2004, in connection with the Convergence Programme 2005-08. Nevertheless, there remain some shortcomings which include the focus on the actual (non-cyclically adjusted) deficit, the focus on the budget year rather than the medium term, the lack of rules of budgetary discipline, and the lack of transparency concerning forecasts and outcomes. Hungary's long-term growth record and general economic outlook are good, but institutional reform to correct these shortcomings is important for fiscal consolidation and macroeconomic stability. Governance Hungary Bergvall, Daniel MitwirkendeR ctb Hawkesworth, Ian MitwirkendeR ctb Krause, Philipp MitwirkendeR ctb Enthalten in OECD Journal on Budgeting Vol. 6, no. 3, p. 1-61 volume:6 year:2007 number:3 pages:1-61 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/budget-v6-art14-en Volltext |
| spellingShingle | Kraan, Dirk-Jan Budgeting in Hungary Governance Hungary |
| title | Budgeting in Hungary |
| title_auth | Budgeting in Hungary |
| title_exact_search | Budgeting in Hungary |
| title_full | Budgeting in Hungary Dirk-Jan, Kraan ... [et al] |
| title_fullStr | Budgeting in Hungary Dirk-Jan, Kraan ... [et al] |
| title_full_unstemmed | Budgeting in Hungary Dirk-Jan, Kraan ... [et al] |
| title_short | Budgeting in Hungary |
| title_sort | budgeting in hungary |
| topic | Governance Hungary |
| topic_facet | Governance Hungary |
| url | https://doi.org/10.1787/budget-v6-art14-en |
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