Czech Republic: Selected Issues
Electronic Access:
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Summary:
This Selected Issues paper analyzes the fiscal strength of the economy of the Czech Republic. Fiscal policy in the Czech Republic has shown a procyclical bias temporarily interrupted during the crisis years. The large stimulus implemented has been more than compensated by a frontloaded adjustment. However, the fiscal framework could be improved to increase transparency, predictability, and credibility of policy and minimize the procyclical bias. This could be achieved by incorporating, among other things, a simple and credible rule with a medium-term fiscal anchor set in structural terms.
Series:
Country Report No. 2013/243
Subject:
Expenditure Fiscal policy Fiscal risks Fiscal stance Public debt Public financial management (PFM)
English
Publication Date:
August 2, 2013
ISBN/ISSN:
9781484317563/1934-7685
Stock No:
1CZEEA2013002
Pages:
21
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