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A Fiscal Indicator for Assessing First and Second Pillar Pension Reforms1

A Fiscal Indicator for Assessing First and Second Pillar Pension Reforms1 »

Source: A Fiscal Indicator for Assessing First and Second Pillar Pension Reforms

Volume/Issue: 2011/9

Series: Staff Discussion Notes

Author(s): Mauricio Soto , Frank Eich , and Benedict Clements

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2011

ISBN: 9781463926571

Keywords: Fiscal policy, explicit and implicit government debt, pension obligations and reforms, population aging, pension, budget balance, pension reforms, public finances, pension obligations,

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Fiscal Indulgence in Central Europe

Fiscal Indulgence in Central Europe »

Source: Fiscal Indulgence in Central Europe : Loss of the External Anchor

Volume/Issue: 2004/62

Series: IMF Working Papers

Author(s): George Kopits , Helge Berger , and Istvan Szekely

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2004

ISBN: 9781451848311

Keywords: EU economic and monetary union, game-theoretic approach, fiscal performance, fiscal stance, loose ? fiscal policy, fiscal behavior, National Budget, Deficit, and Debt: General, Game Theory and Bargaining Theory: General

In recent years, fiscal performance in Central Europe has steadily deteriorated, in contrast to the improvement in the Baltics. This paper explores the determinants of such differences among countries slated for EU...

How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence

How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence »

Source: How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence

Volume/Issue: 2005/54

Series: IMF Working Papers

Author(s): Alexander Plekhanov , and Raju Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451860733

Keywords: Fiscal federalism, local government, budget deficit, fiscal discipline, subnational governments, fiscal imbalances, vertical fiscal imbalances, fiscal balances, fiscal balance, State and Local Borrowing,

Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 44 countries 1982-2000, this paper provides a panel data analysis to determine the most effective borrow...

Hungary

Hungary »

Source: Hungary : 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

Volume/Issue: 2007/250

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 July 2007

ISBN: 9781451818079

Keywords: debt, interest, deficit, budget, interest rate

Hungary's 2007 Article IV Consultation reports that with fiscal consolidation on track for 2007 and 2008, short-term risks have receded, especially owing to the favorable international financial environment. Ensuri...

Hungary

Hungary »

Source: Hungary : Selected Issues

Volume/Issue: 2007/251

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 July 2007

ISBN: 9781451818086

Keywords: budget, debt, financial conditions, annual reports, contingent liabilities

This Selected Issues paper on Hungary reports that the public enterprises may pose significant fiscal risks on account of their quasi-fiscal activities and contingent liabilities. More than 85 percent of the econom...

Hungary

Hungary »

Source: Hungary : Selected Issues

Volume/Issue: 2008/314

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2008

ISBN: 9781451818109

Keywords: interest, debt, budget, interest rate

This Selected Issues paper for Hungary highlights the monetary policy framework in Hungary and the models used by the central bank (MNB). The MNB's Quarterly Projection Model combines neo-Keynesian features in the...

Hungary

Hungary »

Source: Hungary : Report on Observance of Standards and Codes: Fiscal Transparency Module

Volume/Issue: 2007/11

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2007

ISBN: 9781451818062

Keywords: budget documents, state budget, annual budget

This report provides an assessment of fiscal transparency practices in Hungary in relation to the requirements of the IMF Code of Good Practices on Fiscal Transparency. The report reveals that Hungary has increased...

Hungary

Hungary »

Source: Hungary : Selected Issues and Statistical Appendix

Volume/Issue: 2000/59

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2000

ISBN: 9781451817850

Keywords: budget, revenues, debt, pension reform, interest

The Hungarian government implemented significant restraint and reforms in the mid-1990s, but substantial challenges remain in the medium term. Medium-term fiscal framework will assist in evaluating the preferred ap...

Hungary

Hungary »

Source: Hungary : Third Review Under the Stand-By Arrangement, Requests for Extension of the Arrangement, Rephasing of Purchases, and Modification of Performance Criterion

Volume/Issue: 2009/304

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 October 2009

ISBN: 9781451818154

Keywords: debt, interest, budget, central bank, deficit

This paper discusses key findings of the Third Review Under the Stand-By Arrangement for Hungary. The end-June 2009 quantitative performance criteria, as well as the structural benchmark related to government lendi...

Hungary

Hungary »

Source: Hungary : Report on the Observance of Standards and Codes-Fiscal Transparency Module-Update

Volume/Issue: 2004/148

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 May 2004

ISBN: 9781451817980

Keywords: fiscal transparency, budgetary institutions, public finance, budget law, budget preparation

This paper presents an update to the Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency for Hungary. The paper discusses that from 2004, and in the context of the 2004 budget law, the use...