In international practice, the performance of public finance management is usually assessed on the basis of quality indicators of the subsystems of the public finance system. The experts of the State Audit Office of Hungary have developed an evaluation system capable of measuring the performance...

International credit rating agencies regularly (twice a year) assess the risk level of sovereign debt, and thus that of a given country. In order to identify risks, each credit rating agency has developed its own methodology to assess economic and public finance processes and identify the...

Nowadays, the quality of fiscal management is increasingly significant. The generation and use of budget appropriation residues is an important, however, hardly analysed topic in either the Hungarian or the international literature. This article outlines the role of appropriation residues in...

In a democratic state citizens expect that those currently in power should give a detailed account on spending and utilising the public funds trusted to them. The enforcement of accountability has several preconditions, out of which this study focuses on the characteristics arising from the...