Hungary: Selected Issues
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.
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Business and Economics , 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
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.
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