Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia

摘要: The challenge for fiscal policy in Slovakia is to achieve consolidation a way which supports the fragile recovery and protects spending on areas are important re-embarking trajectory of high trend growth underpinning catch-up living standards. While recently established rules have significantly improved framework, further strengthening medium-term discipline will be necessary avoid pro-cyclical policy. Raising effectiveness tax collection, reforming structure towards less distortive taxes making more out available EU funds would also play helpful role growth-friendly consolidation. Finally, needs done ensure an adequate prioritisation efficient use public revenues. In particular, stepping up analytical monitoring, evaluation assessment capacity ministries should help rein wasteful spending. This Working Paper relates 2012 OECD Economic Survey Slovak Republic (www.oecd.org/eco/surveys/slovakia2012).