Publication: Slovakia Public Expenditure Review Mission
Date
2008-01
ISSN
Published
2008-01
Author(s)
World Bank
Abstract
The budget projections for 2008 - 2010
in Slovakia's latest Convergence Program envision the
deficit continuing to decline to 0.8% of GDP in the context
of economic growth close to the potential. Both spending and
revenue shares are projected to fall and the debt to GDP
ratio to remain below 30% of GDP. In the next decade, it
will be necessary to exercise continued budget prudence so
as to deal with spending pressures related to infrastructure
development, social services (health and education), and to
prepare for the budgetary implications of population ageing.
In the environment of less buoyant growth and fiscal
revenues, the need to establish clear spending priorities
and to ensure value for money becomes more important than ever.
Citation
“World Bank. 2008. Slovakia Public Expenditure Review Mission. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/7a2b8cb2-7301-5aa6-98aa-d4676b35d020 License: CC BY 3.0 IGO.”