thumb|right|180px|alt=Chart showing GDP growth, inflation, and active population in Hungary 1990–2010.|GDP growth, inflation, and active population in Hungary 1990–2010 thumb|right|180px|alt=Chart showing GDP per capita in USD at 2000 market prices in Hungary 1991–2010.|GDP per capita in USD at 2000 market prices in Hungary 1991–2010 alt=General government gross debt in the Czech Republic, Poland, Hungary, Romania, Slovakia, EU27, and the Euro zone.|thumb|180x180px|General government gross debt in Hungary amongst other countries and the EU Reaching 1995, Hungary's fiscal indices deteriorated: foreign investment fell as well as judgement of foreign analysts on economic outlook. Due to high demand in import goods, Hungary also had a high trade deficit and budget gap, and it could not reach an agreement with the IMF, either. After not having a minister of finance for more than a month, prime minister Gyula Horn appointed Lajos Bokros as Finance Minister on 1 March 1995. He introduced a string of austerity measures (the "Bokros Package") on 12 March 1995 which had the following key points: one-time 9% devaluation of the forint, introducing a constant sliding devaluation, 8% additional customs duty on all goods except for energy sources, limitation of growth of wages in the public sector, simplified and accelerated privatization. The package also included welfare cutbacks, including abolition of free higher education and dental service; reduced family allowances, child-care benefits, and maternity payments depending on income and wealth; lowering subsidies of pharmaceuticals, and raising retirement age.
thumb|right|180px|alt=Chart showing GDP growth, inflation, and active population in Hungary 1990–2010.|GDP growth, inflation, and active population in Hungary 1990–2010 thumb|right|180px|alt=Chart showing GDP per capita in USD at 2000 market prices in Hungary 1991–2010.|GDP per capita in USD at 2000 market prices in Hungary 1991–2010 alt=General government gross debt in the Czech Republic, Poland, Hungary, Romania, Slovakia, EU27, and the Euro zone.|thumb|180x180px|General government gross debt in Hungary amongst other countries and the EU Reaching 1995, Hungary's fiscal indices deteriorated: foreign investment fell as well as judgement of foreign analysts on economic outlook Due to high demand in import goods, Hungary also had a high trade deficit and budget gap, and it could not reach an agreement with the IMF, either. After not having a minister of finance for more than a month, prime minister Gyula Horn appointed Lajos Bokros as Finance Minister on 1 March 1995. He introduced a string of austerity measures (the "Bokros Package") on 12 March 1995 which had the following key points: one-time 9% devaluation of the forint, introducing a constant sliding devaluation, 8% additional customs duty on all goods except for energy sources, limitation of growth of wages in the public sector, simplified and accelerated privatization. The package also included welfare cutbacks, including abolition of free higher education and dental service; reduced family allowances child-care benefits, and maternity payments depending on income and wealth; lowering subsidies of pharmaceuticals, and raising retirement age.