Competitiveness and Modernisation of Public Finances: Selecting an Action Scenario in Hungary Following EU Accession

Árpád Kovács

OECD Journal on Budgeting, 2007, vol. 6, issue 3, 1-24

Abstract: The most important strategic tasks of Hungarian economic policy are to complete the process of European integration, to build up the appropriate institutional and social capacities and to harmonise real and nominal convergence. This article discusses a theoretical framework for modernisation and how it could be adapted to the Hungarian public sector. Several action scenarios are discussed, but any reforms should aim to rethink the role of the state and improve competitiveness while maintaining social cohesion.

Date: 2007
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