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Fiscal adjustment in Hungary (1991-2003)

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  • Amalia Fugaru

Abstract

This paper sets out to examine fiscal adjustment in Hungary and try to identify a period of successful fiscal adjustment in the last 13 years. The intention is also to identify the factors that hamper or favour successful fiscal adjustment. Fiscal adjustment is an important dimension of structural transformation, as it captures changes in the incentives offered by the state and its redistribution policy, which affect both capital and the labour market. There are also implications for short and medium-term economic growth. For EU member-states, fiscal adjustment was especially important in the 1990s in the run-up to meeting the Maastricht criteria for Economic and Monetary Union entry.

Suggested Citation

  • Amalia Fugaru, 2004. "Fiscal adjustment in Hungary (1991-2003)," IWE Working Papers 150, Institute for World Economics - Centre for Economic and Regional Studies.
    • Handle: RePEc:iwe:workpr:150
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    File URL: https://vgi.krtk.hu/publikacio/no-150-2004-12/
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    References listed on IDEAS

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