Dear Visitor!

 

It is my great pleasure and honor to welcome you on the website of the Fiscal Council of Hungary. Our hope is, that by continously developing the contents and aiming to provide the necessary information the earliest possible, we will be able to provide all the necessary information for those interested in our work.

Dr. Árpád Kovács        
Chairman of the Fiscal Council

 

About us

 

The Fiscal Council was created under the Act LXXV of 2008 on Cost-efficient State Management and Fiscal Responsibility. The Act was adopted by the Parliament, in order to promote the creation and maintenance of the discipline, transparency and long-term sustainability of fiscal policy and to foster the long-term competitiveness of Hungary through fiscal means, in consideration of the requirement of justice between present and future generations and the expected growth of public expenditures owing to the aging of society in the forthcoming decades. The Act CXCIV of 2011 on the Economic Stability of Hungary followed the same thoughts and goals, and had assigned new tasks to the Council that has been acting since 2009.

The Council was trusted with a very important task, namely to make comments on the draft of the Act on the Central Budget, on the planning and execution of the budget, the use of public funds and the state of public finances, moreover to make comments on a half-yearly basis on any issues related to the planning and execution of the budget or the use of public funds.

Fulfilling these tasks is an extraordinary responsibility for those who can strengthen the economic stability of Hungary.

On 10th January, 2012 I was granted the honor for being appointed by the President of Hungary for chairing the Council. According to the law, the Council as a body consists of three members: myself as Chairman of the Council; László Domokos, President of the State Audit Office and Dr. György Matolcsy, Governor of the Central Bank of Hungary as Members of the Fiscal Council.

Opinions of the Council

2016

2016.04.28. Opinion of the Council - Resolution No. 3.
2016.04.21. Opinion of the Council - Resolution No. 2.
2016.01.15. 2016 Action plan of the Fiscal Council
2016.01.15. 2015 Summary

2015

2015.11.02. Opinion of the Council - Resolution No. 9.
2015.09.21. Opinion of the Council - Resolution No. 8.
2015.09.21. Opinion of the Council - Resolution No. 7.
2015.06.19. Opinion of the Council - Resolution No. 6.
2015.05.28. Opinion of the Council - Resolution No. 5.
2015.05.27. Speech of the Chairman of the Council, as it was presented to the National Assembly 27/05/2015
2015.05.08. Opinion of the Council - Resolution No. 4.

2015.04.14.

Opinion of the Council - Resolution No. 3.
2015.02.09. 2015 Action plan of the Fiscal Council

2014

2014.02.06. 2014 Action plan of the Fiscal Council
2014.06.20. The opinion of the Fiscal Council on the draft bill of the amendment of Act CCXXX of 2013 on the 2014 Central Budget of Hungary
2014.07.14. Opinion of the Fiscal Councilon the State of the Execution of the 2013 Central Budget of Hungary and the trend of the Government Debt
2014.07.14. Opinion of the Fiscal Council on the Execution of the 2014 Central Budget of Hungary and the expected trend of Government Debt (Characteristics of the processes in the first half of the year)
2014.10.27. Opinion of the Fiscal Council on the Draft Bill of the 2015 Central Budget of Hungary
2014.11.19. Speech of the Chairman of the Council at the National Assembly
2014.12.15. Speech of the Chairman of the Council at the National Assembly at the final voting of the 2015 central budget

For earlier opinions of the council, please follow this link.