Hungary; 2006 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

The principal policy task in Hungary is to place public finances on a sound footing. For monetary policy, the challenge is to identify one-off inflationary influences, communicate these to the public and financial markets, and deal with second-round effects. From a risk-management perspective, a floating exchange rate regime is best suited to Hungaryâ€™s present needs. Although the banking sector has valuable safeguards, recent trends call for more proactive supervision and regulation. Improving labor market performance and enhancing competitiveness are tied in important ways to fiscal reforms.

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Year of publication:	2006-10-25
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultations \| Staff appraisals \| Staff Reports \| Financial sector \| Public finance \| Labor markets \| Exchange rates \| Gross domestic product \| Budget deficits \| Banking systems \| Employment \| Interest rates \| External debt \| Public debt \| Economic indicators \| current account \| public finances \| balance of payments \| fiscal consolidation \| tax administration \| current account deficit \| debt sustainability \| central bank \| fiscal deficit \| debt dynamics \| current account balance \| tax reform \| public sector debt \| budget deficit \| fiscal adjustment \| tax base \| tax wedge \| foreign debt \| tax increases \| short-term debt \| external debt sustainability \| primary deficit \| fiscal measures \| debt stock \| debt ratio \| domestic currency \| currency risk \| expenditure cuts \| debt \| tax reforms \| fiscal stimulus \| reserve assets \| capital expenditures \| budgetary funds \| debt reduction \| external financing \| fiscal policy \| government debt \| tax revenues \| public spending \| tax burden \| fiscal transparency \| debt ratios \| fiscal adjustments \| currency mismatches \| fiscal stance \| fiscal position \| fiscal adjustment package \| fiscal reporting \| external liabilities \| publicly-guaranteed \| fiscal activities \| budget execution data \| external short-term debt \| debt structure \| interest expenditure \| fiscal deficits \| balance sheet effects \| tax changes \| general resources account \| account deficits \| budget support \| fiscal assumptions \| structural fiscal \| fiscal reporting system \| fiscal reforms \| central banks \| repayment capacity \| total external debt \| current account deficits \| fiscal balance \| debt public \| tax policy \| tax rates \| quasi-fiscal activities \| debt structures \| long-term debt \| external debt servicing \| fiscal implications \| net external liabilities \| debt servicing \| fiscal contraction \| debt management

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 06/379 6 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242647