This thesis examines the development of fiscal policy in Hungary. The first goal of the thesis is to describe in detail the development of basic macroeconomic indicators of Hungary from the turn of the century to the present. The analysis of macroeconomic development should provide basis for the fulfillment of the second goal, i.e. to identify the main causes of the current poor economic situation of the country. Our hypothesis is that the dominant cause of the current problems of Hungary is not the financial and economic crisis, but the irresponsible fiscal policy of the government and the long-term incorrectly set system of social security. The third goal of the thesis is to compare the basic fiscal indicators of Hungary and the Czech Republic and to identify potential similarities or differences in fiscal outcomes of both countries. Our hypothesis is that the growing general government debt in both countries is caused by persistent structural budget deficits. The detailed analysis of the fiscal measures of the Hungarian government confirmed our hypothesis, i.e. that the dominant cause of the current problems of Hungary is not the financial and economic crisis, but the irresponsible fiscal policy of the government and the long-term incorrectly set system of social security. After the comparison of the fiscal development in Hungary and the Czech Republic, we concluded that the fiscal situation in the Czech Republic basically follows the Hungarian trend and the Czech Republic did not get on the verge of bankruptcy only due to a lower initial level of debt and the fact that its budget deficits were not as high as in the case of Hungary.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:197423 |
| Date | January 2012 |
| Creators | Salmaová, Erzsébet |
| Contributors | Štěpánek, Pavel, Zajíček, Miroslav |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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