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The political and economic situation of Hungary was significantly burdened by the fact that the country had to face the onslaught of the Ottoman Empire for two centuries, which occupied one third territory of the kingdom. Although the country was able to maintain some independence, the important governing bodies of the state administration were located outside the country. After the end of the war period, Hungary, unable to take advantage of the 1848 revolutions, was still not strong enough to attain political and economic independence. The quasi-autonomous state formed only in 1867 as part of the Austro-Hungarian Compromise. The article describes the process of gaining economic independence of Hungary in the sphere of public finances and its significance for the development of the country.
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