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Review of Hungarian EU transfers – at the border of two fiscal periods

Author

Listed:
  • Anna Boldizsár

    (Magyar Nemzeti Bank)

  • Zsuzsa Kékesi

    (Magyar Nemzeti Bank)

  • Péter Koroknai

    (Magyar Nemzeti Bank)

  • Balázs Sisak

    (Magyar Nemzeti Bank)

Abstract

The paper examines the extent to which the sectors and regions of Hungary benefited from the EU grants of the 2007–2013 programming period, the degree to which they managed to absorb the allocation available for them and the amount Hungary can still expect to receive after 2015 in relation to the previous programming period. In addition, the paper also reviews the shaping of payments related to each operational programme. In respect of the new programming period, the authors review the changes in the allocations available to the member states and the funds that can be used for specific purposes, and also present the challenges of the 2016 drawdown plans based on the experiences of the previous period. In addition to the quantitative analysis of the Hungarian figures, the available data are also analysed in a regional comparison thereby making the priorities of the individual countries comparable in terms of development purposes. As a result, the authors establish that in the new programming period – in line with the shrinking size of the EU budget – the cohesion funds for Hungary will slightly decrease; however, the amount is expected to be distributed among the various economic policy objectives more evenly and the structure of the grants may be more favourable in terms of economic growth.

Suggested Citation

  • Anna Boldizsár & Zsuzsa Kékesi & Péter Koroknai & Balázs Sisak, 2016. "Review of Hungarian EU transfers – at the border of two fiscal periods," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 15(2), pages 59-87.
    • Handle: RePEc:mnb:finrev:v:15:y:2016:i:2:p:59-87
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    File URL: http://english.hitelintezetiszemle.hu/letoltes/anna-boldizsar-zsuzsa-kekesi-peter-koroknai-balazs-sisak-en.pdf
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    References listed on IDEAS

    as
    1. Sándor Gyula Nagy, 2008. "Efficiency or effectiveness? The Hungarian practice of using the EU funds," Society and Economy, Akadémiai Kiadó, Hungary, vol. 30(2), pages 259-274, December.
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    Cited by:

    1. Péter Fáykiss & Alexandr Palicz & János Szakács & Márton Zsigó, 2018. "Experiences of Debt Cap Regulations in Hungarian Retail Lending," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 17(1), pages 34-61.

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      More about this item

      Keywords

      European Union; transfers; cohesion policy funds; investments;
      All these keywords.

      JEL classification:

      • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
      • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
      • F30 - International Economics - - International Finance - - - General

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