Gazdasгѓgi Kiigazгќtгѓsok 1.46 Link

: Modernizing the economy to lower transaction costs.

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

: Raising interest rates to defend the national currency and discourage capital flight. 3. Implementation Challenges and "1.46" Specifics

: Deregulation and tax shifts (e.g., from labor to consumption) are designed to encourage investment and make it easier for businesses to hire.

: 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

: Correcting the trade balance by making domestic goods more competitive, often through "internal devaluation" (restraining wages) or currency adjustments.

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

: Initially, spending cuts often lead to a temporary drop in GDP and a rise in unemployment as the public sector shrinks.