Slovak Republic: Technical Assistance Report-Next Phase of Spending Reviews
Technical Assistance Reports, February 7, 2025
Source details
- Canonical URL
- Slovak Republic: Technical Assistance Report-Next Phase of Spending Reviews
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Bibliographic details
- Published: February 7, 2025
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400299421.019
Summary
- Slovak Republic has made significant progress in institutionalizing spending reviews, having completed spending reviews covering 64 percent of total public spending since initiating the spending review project eight years ago.
- Despite progress, challenges remain, and important choices will need to be made going forward to enhance the budgetary impact of spending reviews.
- Potential ways to enhance budgetary impact identified in the report include more targeted spending reviews, a more comprehensive analysis of potential measures, strengthened coordination within the Ministry of Finance and with line ministries, as well as their better integration into the budget cycle.
Key findings
- Completed spending reviews cover 64 percent of total public spending since the project began eight years ago.
- Institutionalization of spending reviews has advanced, but budgetary impact remains limited without further changes.
- Areas for improvement highlighted:
- More targeted spending reviews.
- More comprehensive analysis of potential measures.
- Strengthened coordination within the Ministry of Finance and with line ministries.
- Better integration of spending reviews into the budget cycle.
Policy recommendations
- Prioritize targeted spending reviews to increase policy relevance and feasibility of measures.
- Conduct more comprehensive analyses of potential measures to improve the quality and implementability of recommendations.
- Strengthen coordination mechanisms within the Ministry of Finance and between the Ministry of Finance and line ministries to improve ownership and follow-through.
- Integrate spending review outputs more effectively into the budget cycle to enhance fiscal impact.
Subjects and keywords
- Subject: Budget planning and preparation, Expenditure, Expenditure efficiency, Public expenditure review, Public financial management (PFM), Total expenditures
- Keywords: Budget planning and preparation, budgeting, expenditure efficiency, expenditure reviews, fiscal consolidation, IMF FAD mission, IMF's Fiscal Affairs Department, instrumentalities of the TA recipient, line ministry budget unit, Public expenditure review, Slovak Republic., Spending reviews, Total expenditures, value for money, World Bank staff
International Monetary Fund. Fiscal Affairs Dept. "Slovak Republic: Technical Assistance Report-Next Phase of Spending Reviews", Technical Assistance Reports 2025, 011 (2025).
Content in this bundle
- tarea2025011-print-pdf