The paper presents evolution of the Polish fiscal system from the very beginning of Poland’s transformation. Effective management of the public funds is crucial for sustaining macroeconomic stability and using public money for financing pro-growth activities. The goal of fiscal reforms, which...

Hungary is one of the worst-hit countries of the current financial crisis in Central and Eastern Europe. The deteriorating economic performance of the country is, however, not a recent phenomenon. A relatively high ratio of redistribution, a high and persistent public deficit and accelerated...