Conference on fiscal responsibility

Abstract

Organized by the State Audit Office and the National Bank of Hungary with assistance from the Ministry of Finance on May 19 2006, the conference on a Fiscal Responsibility Framework (FRF) responded to the topical issue of the lasting grievances and the continuous deterioration of the transparency of budget processes as well as the strengthening social demand (rather than pressure) for change. The participants of the conference included high-ranking foreign experts and recognized professionals from domestic financial and scientific circles. An overview of Hungary's fiscal problems with international experts was expected to provide useful contribution to avoiding the onset of a crisis and to determining possible courses of action.