- Additional Authors
- Description
- 31 p.; 21 x 29.7cm.
- Summary
- The challenge for fiscal policy in Slovakia is to achieve fiscal consolidation in a way which supports the fragile recovery and protects spending on areas which are important for re-embarking on a trajectory of high trend growth and underpinning a catch-up in living standards. While the recently established fiscal rules have significantly improved the fiscal framework, a further strengthening in medium-term fiscal discipline will be necessary to avoid pro-cyclical fiscal policy. Raising the effectiveness of tax collection, reforming the tax structure towards less distortive taxes and making more out of available EU funds would also play a helpful role in a growth-friendly fiscal consolidation. Finally, more needs to be done to ensure an adequate prioritisation of spending and an efficient use of public revenues. In particular, stepping up the analytical monitoring, evaluation and assessment capacity in spending ministries should help to rein in wasteful spending. This Working Paper relates to the 2012 OECD Economic Survey of the Slovak Republic (www.oecd.org/eco/surveys/slovakia2012).
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.1018
- Uniform Title
- OECD Economics Department Working Papers, no.1018.
- Subject
- LCCN
- 10.1787/5k4c9kv6b7f2-en
- OCLC
- oecd-lib-002963
- Author
Klein, Caroline.
- Title
Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia [electronic resource] / Caroline Klein, Robert Price and Andreas Wörgötter
- Imprint
Paris : OECD Publishing, 2013.
- Series
OECD Economics Department Working Papers, 1815-1973 ; no.1018
OECD Economics Department Working Papers, 1815-1973 ; no.1018.
- Connect to:
- Indexed Term
Taxation
Economics
Slovak Republic
- Added Author
Price, Robert.
Wörgötter, Andreas.
- Other Standard Identifier
10.1787/5k4c9kv6b7f2-en doi