Gazdasгѓgi Kiigazгќtгѓsok 1.46 Direct

: Moving from universal subsidies to means-tested support to protect the most vulnerable while cutting the overall social budget.

: Ensuring that property rights and contracts are protected, which is the ultimate bedrock of economic stability.

: Reducing the government budget deficit through a combination of spending cuts and revenue increases. This is often the most visible and politically sensitive aspect. GAZDASГЃGI KIIGAZГЌTГЃSOK 1.46

For a "long piece" adjustment to be successful, it must move beyond simple cutting and toward .

Most adjustment packages (often labeled as "austerity") follow the "Washington Consensus" or similar frameworks developed by the IMF and the European Commission. : Moving from universal subsidies to means-tested support

: Streamlining the state apparatus to reduce "red tape."

: Governments implementing these reforms often face declining popularity, leading to a "reform fatigue" that can stall the process mid-way. 5. Long-term Success Factors This is often the most visible and politically

: Modifying the "rules of the game" in the economy, such as labor market flexibility, pension system sustainability, and the privatization of state-owned enterprises. 2. Theoretical Framework: The IMF/World Bank Model