Hungary: Report on the Observance of Standards and Codes-Fiscal Transparency Module—Update
May 24, 2004
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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.
Subject: Budget planning and preparation, Expenditure, Fiscal transparency, Internal audit, Public financial management (PFM)
Keywords: audit, audit control, audit summary, budget, Budget planning and preparation, CR, enterprise, EU norm, government decree, Hungary, Internal audit, ISCR
Pages:
7
Volume:
2004
DOI:
Issue:
148
Series:
Country Report No. 2004/148
Stock No:
1HUNEA0042004
ISBN:
9781451817980
ISSN:
1934-7685
