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Abstracts
The study reviews the causes and macroeconomic effects of the persistently high budget deficit in Hungary in recent years and then outlines the possible directions of a solution. A concise theoretical account is followed by analysis of the process of loosening fiscal policy and its effect on external equilibrium and the country's risk rating. Attention is drawn to the dangers that a chronic budget deficit poses to long-term balanced growth. Finally, without aiming at completeness, the authors draw some conclusions for economic policy.
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Year
Volume
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Pages
293-309
Physical description
Document type
ARTICLE
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References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
07HUAAAA02986115
YADDA identifier
bwmeta1.element.83065674-e1e8-31ec-a68a-38492d614731