There have been various opinions formulated on the introduction of property tax and the expected revenues. It is this debate we wish to contribute to in several respects. A critical point of the introduction and operation of property tax is determining the base of the tax, i.e. the value of...

As regards the concept of fiscal sustainability, our study finds that in this area a variety of issues can be examined with very different tools. The issues may concern the achievement of fiscal constraints over an infinite horizon, the realisation of a specific target, or the fiscal policy...

Our study aims to compare the level of redistribution, and expenditure structure of the Visegrád countries in the period between 1995–2010. For the purpose of comparability, the new methodology presented in the study filters out those components of total expenditures, which are exogenous in...

A The delay in accession to the euro zone makes the Hungarian economy vulnerable, thus the present state of public finance may be the source of serious problems. The prerequisite of accession is for the deficit measured with the European methodology to stay below 3 per cent of GDP, whereas the...

Organized by the State Audit Office and the National Bank of Hungary with assistance from the Ministry of Finance on May 19 2006, the conference on a Fiscal Responsibility Framework (FRF) responded to the topical issue of the lasting grievances and the continuous deterioration of the...