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

International Monetary Fund

No 2011/122, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; unit value trade price price index; center; deficit; government; trade price; vis nonresident; policy priority; expenditure growth; deficit target; liability positions vis; labor market; Social security contributions; Loans; Global (search for similar items in EconPapers)
Pages: 52
Date: 2011-06-01
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