Sustainability and Control Issues of the Financial Management of Local Governments – Through Hungary’s Example

Csaba Lentner

doi:10.2478/vjbsd-2019-0010

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Sustainability and Control Issues of the Financial Management of Local Governments – Through Hungary’s Example

Visegrad Journal on Bioeconomy and Sustainable Development

Volume 8 (2019): Issue 2 (November 2019)

By: Csaba Lentner

Open Access

|Sep 2020

Abstract

The rules and control mechanisms pertaining to the financial management of local governments enhance the sustainability of their budgets, that is, they have an operational risk mitigating effect. This paper presents the Hungarian system of self-government, and its fiscal rules, which have undergone a major reform since 2011, and the system of duties and financing have been aligned. The paper evaluates the reform process that commenced in 2011, and the effectiveness of budgetary regulations. The second half of the paper presents the control system of Hungarian local governments, the strengthening of which also has promoted the sustainability of financial management.

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Articles in this issue

DOI: https://doi.org/10.2478/vjbsd-2019-0010 | Journal eISSN: 1339-3367 | Journal ISSN: 1338-8339

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Language: English

Page range: 53 - 57

Published on: Sep 22, 2020

Published by: Slovak University of Agriculture in Nitra

In partnership with: Paradigm Publishing Services

Publication frequency: 2 issues per year

Keywords:

local governments,

fiscal rules,

financial sustainability,

Hungary

Related subjects:

Industrial chemistry,

Green and sustainable technology

© 2020 Csaba Lentner, published by Slovak University of Agriculture in Nitra
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Volume 8 (2019): Issue 2 (November 2019)