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Impact of Cohesion Policy on Hungarian Government Revenues

This presentation analyzes the impact of cohesion development projects on Hungarian government revenues between 2007-2013. It provides insights on grant allocations, GDP ratios, beneficiary types, components of government incomes and expenses, breakdowns by years, operational programs, and industrial sectors. The estimated direct impact on government revenues is 1180 Mrd Ft. Construction industry leads with 40% direct impact. No regional differences found.

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Impact of Cohesion Policy on Hungarian Government Revenues

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  1. Impact of thedevelopmentsimplementedintheframeworkoftheCohesion Policy onHungariangovernmentrevenues PreparedbyIstvan Zubek

  2. The structure of thepresentation • The aim of theanalysis, importantdefinitions, methodologicalissues • Results

  3. The aim of theanalysis • 8 200 Mrd Ft grantforcohesiondevelopmentpurposesinthe 2007-2013 cycle • The Hungarian GDP in 2013 is 29 000 Mrd Ft • The grantsexceed 3% of GDP inyearlyavarage • 15% nationalco-financing • The relationshipbetweencohesiondevelopments and governmentrevenues

  4. Basic definitions • Beneficiaries(dividedintodifferenttypesby profit objectives) • Governmentincomes • Governmentexpenses • Directvs. Indirecteffects • Centralgovernmentrevenues and generalgovernmentrevenues Directimpact of thedevelopmentsimplementedintheframeworkoftheCohesion Policy onHungariangovernmentrevenues

  5. The results • Types of thebeneficiaries • The examinedperiod: 2007-2013 • Amount of acceptedpaymentsonprojects 5 778 Mrd Ft (EU contribution, nationalco-financing, owncontribution)

  6. Governmentincomes and expenses • Components of theincomeside(VAT, taxcontent of thematerialcosts, taxcontantofwagecosts, companytax, local business tax) • Component of theexpenseside(nationalco-financing)

  7. Directimpact of governmentrevenues

  8. Breakdownbyyears • 90% of theestimatedimpactconcernsthelast 4 years of theexaminedperiod.

  9. Breakdownby OP-s • 50% of theestimatedimpactin 3 OP-s – TOP, EDOP, EEOP

  10. Breakdownbyindustrialsectors • 90% of theestimatedimpactconcernsthelast 4 years of theexaminedperiod.

  11. Main findings • The estimatedimpact of theimplementationofcohesiondevelopmentsonHungariangovernmentrevenuesbetween 2007 and 2013 is 1180 Mrd Ft. • Duetothegradualacceleration of theimplementationsystemtheimpactsinthefirstthreeyearsoftheexaminedperiodwerebehindthevaluesrealisedinthesecond part of thecycle. • Constructionindustrywith almost 40% of totalestimateddirectimpact overtop amongtheindustrialsectors. • Wedidnotidentifyregiospecificdifferenciesinregard of estimateddirectimpact.

  12. Thankyouforyourattention.

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