Slovak Republic: 2011 Article IV Consultation-Staff Report; Informational Annex; and Public Information Notice on the Executive Board Discussion

June 1, 2011

Preview Citation

Format: Chicago

Slovak Republic: 2011 Article IV Consultation-Staff Report; Informational Annex; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2011) accessed December 23, 2024

Summary

The Slovak economy showed recovery from sharp recession. Executive Directors suggested that restoring fiscal sustainability and removing unemployment while maintaining external competitiveness within the monetary union should be given priority. The fiscal consolidation strategy could be facilitated by adopting real expenditure growth with deficit targets and expenditure policy priorities, including reforming health care and pensions. However, public procurement and absorption of EU funds are important for enhancing the business environment and strengthening public sector governance.

Subject: Expenditure, Financial institutions, Fiscal policy, Loans, Public debt, Social security contributions, Taxes

Keywords: Center, CR, Deficit, Deficit target, Expenditure growth, Global, Government, ISCR, Labor market, Liability positions vis, Loans, Policy priority, Social security contributions, Trade price, Unit value trade price price index, Vis nonresident

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/122
Stock No:

1SVKEA2011001
ISBN:

9781455271504
ISSN:

1934-7685

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