Hungary: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 251

Publication date: July 2007

ISBN: 9781451818086

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Finance , Economics- Macroeconomics , Public Finance , ISCR , CR , Hungary , enterprise , consumption growth , budget institution , or-Sopron-Ebenfurt Co , , consumption volatility , balance-to-GDP ratio , Consumption , Budget planning and preparation , Income , Fiscal risks , Emerging and frontier financial markets , Eastern Europe , Europe

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Summary

This Selected Issues paper on Hungary reports that the public enterprises may pose significant fiscal risks on account of their quasi-fiscal activities and contingent liabilities. More than 85 percent of the economy is in private hands. According to the Privatization Act, assets may remain in long-term state ownership if they belong to a national public utility provider or are considered to be of strategic importance for the national economy or defense. Capital-intensive and labor-intensive enterprises remain as state property.