A költségvetési fenntarthatóság az elmúlt két-három évtizedben a költségvetési politika egyik legfontosabb követelményévé vált. Az Alaptörvény is rögzíti, hogy Magyarország a fenntartható költségvetési gazdálkodás elvét érvényesíti. A nemzetközi gyakorlatban a...

A profitorientált üzleti szektor és a közpénzekből gazdálkodó költségvetési intézmények sok tényező tekintetében különböznek egymástól, de az mindkettőben közös pont, hogy a teljesítmény- és minőségorientált vezetés felelősségének fő szempontként kell,...

Fiscal sustainability has become one of the most important requirements of fiscal policy over the past two to three decades. Hungary’s Fundamental Law stipulates that Hungary enforces the principle of sustainable budget management. In international practice, fiscal sustainability is often...

Profit-oriented business sector and public-sector budgetary institutions using public funds differ in many aspects, but their common feature is that the responsibility for performance- and quality-oriented management shall prevail. One element of this is that the management identifies and...

The theoretical school of thought known as ‘varieties of capitalism’ (VoC) grew significantly in popularity following the turn of the millennium. In the 2000s, it formed an excessively simplified typology, which was unable to integrate into its theoretical system the Central European...

Heavily indebted countries – such as Hungary with rapidly accumulating public debt during the 2000s – enjoy significant room for manoeuvre if they can save on their debt rate. On the other hand, the dependence of small, open economies on global economy renders their economic policy...

Labour has been acquiring a decreasing share of aggregate income since the eighties, despite the fact that its productivity has been increasing continuously. The 52.7 per cent average wage share of the Visegrád countries in 2016 is considerably lower than the 63.3 per cent EU average. As for...

The regulatory framework serving the renewal of domestic public finances comprises the Fundamental Law and cardinal acts entering into effect following its adoption. Among cardinal acts, the first one to be adopted was the new SAO Act. In addition to its full consistency with international...

The aim of this paper is to understand and provide reasoning for the strategic changes in Hungarian economic policy after 2010. High levels of foreign indebtedness and internal imbalances have necessitated the strategic changes in economic policy in Hungary after 2010. Due to the strategic...

One of the key areas of public management is the corporate management of state- and local government-owned enterprises, in brief state-owned enterprises. By reviewing the relevant international literature we identified the key factors of well-managed state-owned enterprises. A legal analysis of...