Hungary: Selected Issues
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Summary:
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 economy is in private hands. According to the Privatization Act, assets may remain in long-term state ownership if they belong to a national public utility provider or are considered to be of strategic importance for the national economy or defense. Capital-intensive and labor-intensive enterprises remain as state property.
Series:
Country Report No. 2007/251
Subject:
Budget planning and preparation Consumption Emerging and frontier financial markets Financial markets Fiscal risks Income National accounts Public financial management (PFM)
English
Publication Date:
July 26, 2007
ISBN/ISSN:
9781451818086/1934-7685
Stock No:
1HUNEA2007003
Pages:
59
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