Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

PL EN


2005 | 52 | 10 | 755-773

Article title

The role of institutional factors in the development of budget deficit in Hungary.

Authors

Title variants

Languages of publication

HU

Abstracts

EN
The magnitude of the budget deficit in Hungary has recently become one of the most urgent problems of economic policy, endangering both the target date of entry into the Euro zone and sustainable growth. The recent apparent difficulties of consolidation raise the question of how the chronic high deficit can be explained. The study answers by examining the political-economy literature on deficit, which has tended recently to emphasize the importance of institutional regulation, rather than economic factors. The main conclusion offered by a survey of Hungary's system of regulation is that the weaknesses of the budget process allow short-term interests to dominate in decision-making, so that in times of slowing growth and political tensions, the tendency to deficit is much increased. Reform of the public-finance regulations is therefore essential to creating a balanced budget in the long term.

Year

Volume

52

Issue

10

Pages

755-773

Physical description

Document type

ARTICLE

Contributors

author
  • D. Gyorffy, no address given, contact the journal editor

References

Document Type

Publication order reference

Identifiers

CEJSH db identifier
07HUAAAA02955998

YADDA identifier

bwmeta1.element.98653148-2fca-35ec-a8af-c49e91c1b40a
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.