Executive Summary
Assessment and Recommendations
Chapter 1. Fiscal Consolidation Dominates the Policy Agenda
-The Fiscal Challenge
-Raising the Employment Rate Needs to Remain the Focus of Policy
-Update on the Business Environment
-Update on Environment Policy
-Annex: Progress in Structural Reform
-Annex: Regression Analysis of the Fiscal Spending Cycle
-Annex: Demand, Output and Prices: OECD Projections to 2008
-Annex: EU transfers under the 2007-20013 EU Budget Period
-Annex: Further Information on Labour Market Reforms
Chapter 2. Assessing the Government's Strategy for Fiscal Consolidation
-Overview of the Government's Strategy
-The New Measures to Tighten Fiscal Discipline
-Revenue Measures: Many Should Be Reversed
-Immediate Spending Measures: Wages Freeaes are Difficult to Maintain
-Assessment of the Main Structural Reforms
-Annex: Simulations of Debt Development
-Annex: Early Retirement Pensions
Chapter 3. Encouraging Sub-National Government Efficiency
-The Sub-National Government System
-Budgeting Issues
-Spending Assignment Issues
-Funding Arrangements for Local Governments
-Annex: The Budget Balance rulesin Municipal Accounts
-Annex: EU Transfers to Hungary's Municipalities under the 2007-13 Budget
Chapter 4. Improving Reconciliation between Work and Family
-Families in Hungary: Some Basic Facts
-Key Features of Familiy Support
-Policy Needs to Focus More on Reconciliation between Work and Family
-Annex: Details of Family Support
-Annex: Influence of Cash Benefits on Family Income
-Annex: Impact of the January 2006 changes to Financial Support for Families
Glossary