The economic policy turnaround and the new convergence programme

László Akar

Public Finance Quarterly, 2006, vol. 51, issue 4, 430-439

Abstract: The Government that took office after the elections had to face an inescapable economic policy turnaround, which, by its very nature, had consequences in internal politics, too. At last, politics was required to frankly and profoundly consider the dramatic imbalance of the budget, which turned out to be even graver than the typical external expectations. This situation would have emerged after any election result, the only difference could have been witnessed in the presentation of the measures in internal politics, or maybe in the details of the chosen measures, however by that time the room for manoeuvre had narrowed down.

Date: 2006
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