Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia:
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 est...
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2013
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | UBA01 UBG01 UEI01 UER01 UPA01 UBR01 UBW01 FFW01 FNU01 EUV01 FRO01 FHR01 FHN01 TUM01 FHI01 UBM01 Volltext |
| Zusammenfassung: | 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) |
| Beschreibung: | 1 Online-Ressource (30 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5k4c9kv6b7f2-en |
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| spelling | Klein, Caroline Verfasser aut Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia Caroline Klein, Robert Price and Andreas Wörgötter = Améliorer le cadre budgétaire pour favoriser la croissance en période d'assainissement budgétaire en Slovaquie / Caroline Klein, Robert Price et Andreas Wörgötter Améliorer le cadre budgétaire pour favoriser la croissance en période d'assainissement budgétaire en Slovaquie Paris OECD Publishing 2013 1 Online-Ressource (30 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers 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) Taxation Economics Slovak Republic Price, Robert ctb Wörgötter, Andreas ctb https://doi.org/10.1787/5k4c9kv6b7f2-en Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Klein, Caroline Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia Taxation Economics Slovak Republic |
| title | Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia |
| title_alt | Améliorer le cadre budgétaire pour favoriser la croissance en période d'assainissement budgétaire en Slovaquie |
| title_auth | Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia |
| title_exact_search | Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia |
| title_exact_search_txtP | Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia |
| title_full | Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia Caroline Klein, Robert Price and Andreas Wörgötter = Améliorer le cadre budgétaire pour favoriser la croissance en période d'assainissement budgétaire en Slovaquie / Caroline Klein, Robert Price et Andreas Wörgötter |
| title_fullStr | Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia Caroline Klein, Robert Price and Andreas Wörgötter = Améliorer le cadre budgétaire pour favoriser la croissance en période d'assainissement budgétaire en Slovaquie / Caroline Klein, Robert Price et Andreas Wörgötter |
| title_full_unstemmed | Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia Caroline Klein, Robert Price and Andreas Wörgötter = Améliorer le cadre budgétaire pour favoriser la croissance en période d'assainissement budgétaire en Slovaquie / Caroline Klein, Robert Price et Andreas Wörgötter |
| title_short | Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia |
| title_sort | improving the fiscal framework to enhance growth in an era of fiscal consolidation in slovakia |
| topic | Taxation Economics Slovak Republic |
| topic_facet | Taxation Economics Slovak Republic |
| url | https://doi.org/10.1787/5k4c9kv6b7f2-en |
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