Slovak Republic: Staff Report for the 2001 Article IV Consultation
August 3, 2001
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During 1996–98, the measured fiscal deficits have substantially underestimated the extent of the fiscal problem in Slovakia. Amid these signs of vulnerability, the present government has assumed office in October 1998, and embarked on policies to restore macroeconomic balances and lay the basis for sustainable economic growth. The fiscal tightening and developments in the nongovernment sector has led to a sharp fall in domestic demand in 1999, but a strong improvement in net trade performance partly offset their impact on aggregate demand.
Subject: Economic sectors, Expenditure, External debt, Fiscal consolidation, Fiscal policy, Privatization, Public debt
Keywords: anti-inflationary stance, authorities' strategy, CR, deficit, Eastern Europe, exchange rate, Fiscal consolidation, government, guarantees to enterprise, ISCR, June, NBS supervisor, Privatization, Slovak authorities, Slovak government, Slovakia, staff appraisal, state guarantee, Western Europe
Pages:
61
Volume:
2001
DOI:
Issue:
126
Series:
Country Report No. 2001/126
Stock No:
1SVKEA0012001
ISBN:
9781451835403
ISSN:
1934-7685
