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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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Paris
OECD Publishing
2013
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Schriftenreihe: | OECD Economics Department Working Papers
no.1018 |
Schlagworte: | |
Online-Zugang: | 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 p.) 21 x 29.7cm. |
DOI: | 10.1787/5k4c9kv6b7f2-en |
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spelling | Klein, Caroline VerfasserIn 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 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1018 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 MitwirkendeR ctb Wörgötter, Andreas MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5k4c9kv6b7f2-en 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_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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