Fiscal Risks and The Quality of Fiscal Adjustment in Hungary

Fiscal Risks and The Quality of Fiscal Adjustment in Hungary

A discussion on fiscal risk with Hungary as a case study. The paper provides an overview of the different aspects of analyzing and managing fiscal risk. The study explores the challenges the government has in transitioning to an open, market-driven economy and how it has taken on new risks to stimulate development, rebuild the country’s deteriorated infrastructure, stabilize financial institutions, and encourage capital inflows.