OECD economic surveys Slovak Republic. 2012.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development Staff, Corporate Author.

Contributor:

Organisation for Economic Co-operation and Development.

Series:

OECD Economic Surveys

OECD economic surveys, 0376-6438

OECD economic surveys. Slovak Republic, 1995-3526 ; 2012

Language:

English

Subjects (All):

Slovakia--Economic conditions.

Slovakia.

Slovakia--Economic policy.

Physical Description:

1 online resource (114 p.)

Place of Publication:

[Paris] : OECD, 2012.

Language Note:

English

Summary:

OECD's 2012 Economic Survey of the Slovak Republic examines recent economic developments, policies and prospect and takes a special look at improving the fiscal framework and investing efficiently in education and active labour market policies.

Contents:

Table of contents; Basic statistics of Slovak Republic, 2011; Executive summary; Key policy recommendations; Assessment and recommendations; The economy has been resilient; Figure 1. Key macroeconomic indicators; The short-term outlook has weakened; Table 1. Short-term projections; Medium and long-term economic prospects are uncertain; Figure 2. Capitalisation of the banking sector and credit conditions; Figure 3. Competitiveness and labour market developments; Labour market developments have been unfavourable; Figure 4. Labour market outcomes; Figure 5. Inequalities

Consolidating public finances in a growth-friendly wayFigure 6. Fiscal deficit and 10-year government bond rates; Table 2. Public finances; Improving the fiscal framework; Ensuring the sustainability of the pension system; Reducing the cost of consolidation; Figure 7. General government spending and revenue; Table 3. Consolidation measures as planned in November 2012; Table 4. Composition of tax revenues; Figure 8. Efficiency of tax collection; Box 1. Key recommendations for fiscal policy; Reforms to underpin longer-term growth; Raise educational outcomes

Figure 9. Spending, average achievement and saving opportunities in educationFigure 10. Teachers' remuneration; Box 2. Key recommendations for education policy; Improve labour market performance; Box 3. Recent and future changes in the labour code; Table 5. Tax wedges; Figure 11. Work incentives; Figure 12. Spending on active labour market policies; Box 4. Key recommendations for improving labour market performance; Bibliography; Annex A1. Progress in structural reform; Chapter 1. Improving the fiscal framework to enhance growth in an era of fiscal consolidation

Returning public finances to a sustainable pathFigure 1.1. General government gross debt and deficit; Restoring public finances will require a long-term effort; Figure 1.2. Medium-term debt profiles and sensitivity to bond yields and potential growth; Population ageing increases contingent liabilities; Box 1.1. Is a near-to-structural balance rule optimal for Slovakia?; Strengthening the medium-term budgetary framework; A debt rule is a useful reinforcement of budget discipline; Box 1.2. Procedures for containing government debt

The new Fiscal Responsibility Board will help monitor fiscal sustainabilityBox 1.3. Nature and role of the Fiscal Responsibility Board; Attaining a sustainable and growth-friendly spending path; Strengthening the medium-term expenditure planning processes; Figure 1.3. General government spending and revenue; Reprioritising government spending to enhance growth and efficiency; Increasing spending efficiency; Table 1.1. Growth-friendly consolidation strategies; Figure 1.4. General government expenditure by economic category; Table 1.2. General government labour costs

Figure 1.5. Efficiency of tax collection

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

92-64-18491-0

OCLC:

827207969