Slovak Republic: Staff Report for the 2003 Article IV Consultation
IMF Staff Country Reports, August 5, 2003
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Bibliographic details
- Published: August 5, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451835427.002
Growth and macroeconomic overview
- Slovakia is now one of the fastest-growing EU accession countries.
- Despite the upswing, the Slovak economy remains hampered by structural weaknesses and related macroeconomic imbalances.
External balance
- IMF staff believes that Slovakia should aim for an external current account deficit under 5 percent GDP over the medium term.
- All agreed that additional measures will be needed to reach the deficit target.
Fiscal strategy and public finances
- The authorities' strategy is to achieve medium-term fiscal consolidation through expenditure reduction.
- The authorities acknowledged that a more explicit expenditure policy was needed.
Structural and policy issues
- Structural weaknesses are a key constraint on sustained performance and macroeconomic stability.
- Related macroeconomic imbalances persist and require targeted policy responses.
Publication and metadata (preserve exact values)
- Publication date: August 5, 2003
- Pages: 56
- Volume: 2003
- Issue: 234
- Series: Country Report No. 2003/234
- DOI: https://doi.org/10.5089/9781451835427.002
- Stock No: 1SVKEA0012003
- ISBN: 9781451835427
- ISSN: 1934-7685
- Subject: Consumption taxes, Expenditure, External debt, Inflation, Prices, Public debt, Taxes
- Keywords: broad money, Consumption taxes, core inflation, CR, deficit, deficit reduction, Europe, government, Inflation, ISCR, Maastricht deficit criterion, reform, reform-minded government, short-term debt
Source: Slovak Republic: Staff Report for the 2003 Article IV Consultation (August 5, 2003).