PRORAČUN I JAVNE INVESTICIJE U REPUBLICI MAÐARSKOJ
THE BUDGET AND PUBLIC INVESTMENT IN THE REPUBLIC OF HUNGARY

Summary/Abstract: By analysing the budget and public investment in the Republic of Hungary the author wishes to point out the basic problems of the budget and budgetary process, as well as the measures which are being undertaken for adjusting and drawing closer to modern budgetary trends. All phases of the budgetary process are expounded (preparation, approval, implementation and control of the budget), and the measures carried out by budgetary institutions for improving the system of public financing (improving fiscal discipline, resolving the budget deficit etc.). The state of public investment is especially underlined as well as the measures Hungary has to undertake to increase its efficaciousness. Data of insufficient quality represent the greatest problem in analysing public expenditure, especially public investment. The Hungarian budget and public expenditure system is continually being reformed since 1995. The reforms are aimed at increasing the effectiveness of institutions in the budgetary process and allocation of public expenditure.

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