Another False Dawn At The Finance Ministry

August 2005
Emerging Europe Monitor: Central Europe & Baltic States;Aug2005, Vol. 12 Issue 8, p2
Country Report
Country Report
The article reports that the appointment of Janos Veres as Hungary's new finance minister is viewed as the consolidation of public finances. Parliamentary and popular patience with fiscal reform has been a crucial factor in the tenure of previous finance ministers. Veres has an important advantage. He was a founding member of the ruling Socialist Party in October 1989, and has represented the party in parliament since 1994. However, if this implies that Veres will have greater immunity from threats to his incumbency from within the parliament, he is unlikely to be as comfortable in the face of public opinion.


Related Articles

  • Hungary: Promises, Promises.  // Emerging Markets Monitor;9/5/2005, Vol. 11 Issue 21, p15 

    Reports on the pledge of Hungarian Finance Minister Janos Veres to cut the 2006 budget deficit of the country. Size of revenue shortfall to be covered by the cut; Suggestion of the National Bank of Hungary for the government to achieve improvement in public finances; Criticism on the budget cut.

  • Hungary: Kiss Of Death For Veres?  // Emerging Markets Monitor;4/25/2005, Vol. 11 Issue 3, p11 

    Focuses on the advantages of Hungarian Finance Minister Janos Veres over his predecessors in pursuing an agenda of fiscal reform. Problem facing Veres with regard to budget deficit; Implication of the change in the head of the finance ministry.

  • Populist Budget.  // Asia Monitor: South Asia Monitor;Aug2005, Vol. 11 Issue 8, p6 

    The article reports that Bangladesh has unveiled an ambitious budget for fiscal 2005/06, including promises to increase farm subsidies and soft loans. Unveiling the new spending plans for the fiscal year starting July 1, 2005 Saifur Rahman, Bangladesh's finance minister, said growth and...

  • Let's Cut Out the Hype.  // Business Today;3/25/2007, Vol. 16 Issue 6, p14 

    The article discusses issues and concerns relevant to the national budge of India in 2007, as announced by Finance Minister P. Chidambaram. The author argues that the budget-making process, which was secretive, can be a subject of several speculations and even misinterpretations. The stock...

  • Improving the efficiency and sustainability of public expenditure.  // OECD Economic Surveys: Czech Republic;Jul2001, Vol. 2001 Issue 13, p69 

    Discusses issues concerning the improvement of the efficiency and sustainability of public expenditures in the Czech Republic as of July 2001. International perspective on Czech public sector spending; Reduction of fiscal risks associated with contingent liabilities; Evolution of public...

  • No Economic Prosperity Vision in BC Budget. Veldhuis, Niels; Clemens, Jason // Fraser Forum;Apr2006, p21 

    The article claims that British Columbia's budget for 2006 lacks a long-term strategy aimed at improving economic prosperity. It then compares British Columbia's personal income tax system with Alberta's singe-rate tax. It suggests that the budget should have eliminated the sales tax on business...

  • Revolving Door.  // Emerging Europe Monitor: Central Europe & Baltic States;Jun2005, Vol. 12 Issue 6, p3 

    The article presents information on the appointment of two new ministers in the cabinet of Hungarian government. Janos Veres became the fourth finance minister in as many years, replacing Tibor Draskovics, while Agriculture Minister Imre Nemeth was dismissed to make way for Jozsef Graf. Earlier...

  • Russia to tap reserves more. Investor's Business Daily // Investors Business Daily;3/2/2015, pA02 

    The article reports on the proposal of the Russian finance ministry to increase the maximum amount it can draw to 3.2 trillion rubles from reserves, up more than 500% on the 500 billion rubles in 2015.

  • Measures of fiscal performance.  // OECD Economic Surveys: Korea;Mar2003, p203 

    Assesses the state of fiscal policy in Korea, which is complicated by the different measures of the government budget balance, as of 2002. Characteristics of the fiscal policy during the latter half of the 1990s according to the System of National Accounts; Basis on which tax and expenditure...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics