Title: Fiscal risks and the quality of fiscal adjustment in Hungary
Description: Hungary's government has made great progress toward revealing the true fiscal cost of its budgetary and off-budget programs, containing the financial risks of its policies, and improving the management of public expenditures and contingent liabilities.  Although far from complete, fiscal adjustment in Hungary has been successful not only in cutting the budget deficit but also in reducing less visible aspects of fiscal vulnerability.
Subjects: Budget deficits, Fiscal policy, Public Expenditures, Public Finance, Risk
Places: Hungary