IMF Staff Country Reports

Hungary: Report on the Observance of Standards and Codes-Fiscal Transparency Module—Update

Publication Date:

May 24, 2004

Electronic Access:

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Summary:

This paper presents an update to the Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency for Hungary. The paper discusses that from 2004, and in the context of the 2004 budget law, the use of privatization receipts has been limited to financing infrastructure development projects included in the central budget and approved by Parliament. Hungary’s 2003 Pre-Accession Economic Program submitted to the European Commission improved its analysis of medium-term fiscal risks and provided an estimate of the structural fiscal deficit.

Series:

Country Report No. 2004/148

Subject:

Budget planning and preparation Expenditure Fiscal transparency Internal audit Public financial management (PFM)