Published: December 14 2023
Prominent economist Gábor Horváth has been appointed as the President of the Fiscal Council in Hungary for a six-year term starting in January 2024. This appointment brings his extensive experience in risk management and macroeconomic analysis to the role.
The Swearing-In Ceremony
The swearing-in ceremony for Gábor Horváth took place at the Sándor Palace and was attended by several notable figures including President Katalin Novák, Finance Minister Mihály Varga, Minister of Economic Development Márton Nagy, and László Windisch, the President of the State Audit Office of Hungary. During the event, Árpád Kovács, the outgoing President of the Fiscal Council, was honored with the Cross of the Hungarian Order of Merit for his contributions.
Árpád Kovács' Achievements
Árpád Kovács, who held the position of President of the Fiscal Council since 2012, was praised for his seamless integration of theoretical knowledge and practical application throughout his tenure. Minister Varga highlighted Kovács' extensive domestic and international professional experience, which greatly benefited the development of the Hungarian economy.
Gábor Horváth's Expertise
As the newly appointed head of the Fiscal Council, Gábor Horváth brings a wealth of expertise in risk management. With 22 years of experience, his areas of specialization include macroeconomic analysis, bank group management, asset and liability management, and bank due diligence. Horváth's vast knowledge will be instrumental in monitoring the development of the Hungarian and regional economies, public finances, and debt.
Supportive Fiscal Policy Still Needed
Finance Minister Mihály Varga recently emphasized that European Union finance ministers agree that a supportive fiscal policy is still necessary to facilitate economic growth and recovery.
(Image Source: MTI / Koszticsák Szilárd)
Questions & Answers
Who is Gábor Horváth? Gábor Horváth is an economist and risk management expert who has been appointed as the President of the Fiscal Council in Hungary.
What is the role of the Fiscal Council in Hungary? The Fiscal Council in Hungary is responsible for monitoring and evaluating the country's fiscal policy and ensuring its compliance with the established rules and principles.
How long is Gábor Horváth's term as President of the Fiscal Council? Gábor Horváth's term as President of the Fiscal Council is for six years.
Where was the swearing-in ceremony for Gábor Horváth held? The swearing-in ceremony for Gábor Horváth took place at the Sándor Palace in Hungary.
Who were the notable attendees at the swearing-in ceremony for Gábor Horváth? The ceremony was attended by President Katalin Novák, Finance Minister Mihály Varga, Minister of Economic Development Márton Nagy, and László Windisch, the President of the State Audit Office of Hungary.
What award was given to Árpád Kovács at the event? Árpád Kovács, the outgoing President of the Fiscal Council, was awarded the Cross of the Hungarian Order of Merit (Civilian Class) at the event.
What is Árpád Kovács's role in the Friends of Hungary Foundation? Árpád Kovács is the Chairman of the Supervisory Board of the Friends of Hungary Foundation, which is the publisher of news portals Hungary Today and Ungarn Heute.
How long has Árpád Kovács served as the President of the Fiscal Council? Árpád Kovács has served as the President of the Fiscal Council since 2012.
What is Gábor Horváth's expertise in? Gábor Horváth has expertise in risk management, including macroeconomic analysis, bank group management, asset and liability management, and bank due diligence.
How many years of experience does Gábor Horváth have in monitoring the development of the Hungarian and regional economies, public finances, and debt? Gábor Horváth has nearly 25 years of experience in monitoring the development of the Hungarian and regional economies, public finances, and debt.
