Slovak Republic : Development Policy Review, Volume 2. Main Report

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dc.creatorWorld Bank
dc.date2013-09-09T20:27:32Z
dc.date2013-09-09T20:27:32Z
dc.date2002-11
dc.date.accessioned2026-07-01T01:29:50Z
dc.descriptionAlthough the unsustainably high external current account, and fiscal deficits may be financed with the country's capital account surplus (twenty percent of GDP), such situation is not likely to last. The country's policy impact on the real exchange rate, undermines the employability of large segments of the population, which will ultimately hamper growth. The study proposes an agenda on key issues, such as curtailing enterprise subsidies, and other guarantee payments, redirecting, rather than expanding, existing expenditure programs to meet the eligibility criteria for structural funds financing. In addition, further increasing the retirement age, would put public pensions on a sustainable footing, and avoid the massive fiscal deficits the demographic transition is bringing, and, postponing the revenue reduction (from 38 percent of GDP in 2000 to a projected 35 percent in 2002, to a target of 33 percent of GDP in 2004) until such time as the expected cutback in expenditure has actually materialized, should be part of the development agenda. The tax burden should be balanced away from payroll taxes, e.g., streamlining Value Added Tax (VAT) refunds, or trimming tax incentives for investment to European Union-compatible levels. Moreover, the planned increases in electricity, and natural gas tariffs should be brought forward, and, the internal trade border within the Czech-Slovak customs union should be brought down ahead of EU accession. Longer term reform efforts should focus on social protection, health care, and education, based on a governance approach built on transforming budget frameworks, consolidating decentralization efforts, and launching a major judicial reform.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2002/11/2093627/slovak-republic-development-policy-review-vol-2-2-main-report
dc.identifierhttps://hdl.handle.net/10986/15731
dc.identifierhttps://doi.org/10.1596/15731
dc.identifier.urihttp://hdl.handle.net/123456789/418626
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectAGRICULTURE
dc.subjectASSET STRIPPING
dc.subjectBANK LENDING
dc.subjectBANK RESTRUCTURING
dc.subjectBANK SUPERVISION
dc.subjectBANKING SECTOR
dc.subjectBANKRUPTCY
dc.subjectBONDS
dc.subjectBUDGET DEFICITS
dc.subjectCIVIL SERVICE
dc.subjectCLASSIFIED LOANS
dc.subjectCOMPETITIVENESS
dc.subjectCONSOLIDATION
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE INCOME TAX
dc.subjectCPI
dc.subjectCROWDING OUT
dc.subjectDEBT
dc.subjectDEBT SERVICE
dc.subjectDEMOGRAPHIC ASSUMPTIONS
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPRECIATION
dc.subjectDEVALUATION
dc.subjectDEVELOPMENT PROJECTS
dc.subjectDEVELOPMENT STRATEGY
dc.subjectECONOMIC ASSISTANCE
dc.subjectECONOMIC PROGRAMS
dc.subjectECONOMIC RECOVERY
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURES
dc.subjectEXPORTS
dc.subjectEXTRAORDINARY ITEMS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL POLICY
dc.subjectGDP
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATE
dc.subjectHIGH UNEMPLOYMENT
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL TRADE
dc.subjectLABOR COSTS
dc.subjectLABOR FORCE
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLOAN GUARANTEES
dc.subjectMARKET LIBERALIZATION
dc.subjectMINIMUM WAGES
dc.subjectNATIONAL BANK OF SLOVAKIA
dc.subjectNET EXPORTS
dc.subjectNOMINAL INTEREST RATE
dc.subjectPAYMENT ARREARS
dc.subjectPENSIONS
dc.subjectPER CAPITA INCOME
dc.subjectPRESENT VALUE
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATIZATION
dc.subjectPRODUCTIVE RESOURCES
dc.subjectPRODUCTIVITY
dc.subjectPROFITABILITY
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE MANAGEMENT
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SERVICE
dc.subjectREAL GDP
dc.subjectREAL INTEREST RATE
dc.subjectREAL RATE OF INTEREST
dc.subjectREAL WAGES
dc.subjectREDEMPTION
dc.subjectREVENUE COLLECTION
dc.subjectSTATE BANKS
dc.subjectSURCHARGES
dc.subjectTAX RATES
dc.subjectTAX REVENUES
dc.subjectTELECOMMUNICATIONS
dc.subjectTRADE LIBERALIZATION
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTREASURY
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNEMPLOYMENT RATES
dc.subjectURUGUAY ROUND
dc.subjectUTILITIES
dc.subjectVALUE ADDED
dc.subjectWAGES
dc.subjectWORLD TRADE ORGANIZATION DEVELOPMENT POLICY
dc.subjectEXTERNAL ACCOUNTS
dc.subjectFISCAL DEFICITS
dc.subjectCAPITAL ACCOUNT
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectREAL EXCHANGE RATE
dc.subjectEMPLOYMENT POTENTIAL
dc.subjectEMPLOYMENT OPPORTUNITIES
dc.subjectENTERPRISE DEVELOPMENT
dc.subjectSUBSIDIES
dc.subjectPUBLIC EXPENDITURES
dc.subjectRETIREMENT AGE
dc.subjectTRANSITION ECONOMIES
dc.subjectTAX BURDENS
dc.subjectPAYROLL TAXES
dc.subjectVALUE ADDED TAXES
dc.subjectEUROPEAN UNION MEMBERSHIP
dc.subjectINVESTMENT INCENTIVES
dc.subjectTARIFF POLICY
dc.subjectPRIVATIZATION
dc.subjectLABOR MARKET POLICY
dc.subjectDEBT RESOLUTION
dc.subjectTRADE CONTROLS
dc.subjectSOCIAL PROTECTION SYSTEMS
dc.subjectHEALTH CARE
dc.subjectEDUCATION SECTOR
dc.subjectPROGRAM BUDGETING
dc.subjectDECENTRALIZATION
dc.subjectJUDICIAL REFORM
dc.titleSlovak Republic : Development Policy Review, Volume 2. Main Report

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