Public Expenditure in the Slovak Republic: Composition and Technical Efficiency
IMF Working Papers, July 1, 2012
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- Canonical URL
- Public Expenditure in the Slovak Republic: Composition and Technical Efficiency
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Bibliographic details
- Authors: Francesco Grigoli
- Published: July 1, 2012
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781475505214.001
Overview
- Author: Francesco Grigoli
- Date: July 1, 2012
- Purpose: Analyzes the composition of public expenditure in the Slovak Republic and assesses the relative technical efficiency of spending in education and health.
- Core observation: Good practice suggests budget allocations should reflect spending priorities and that spending should provide cost-effective delivery of public goods and services.
Key findings
- The Slovak Republic spends more on social benefits and less on wages compared to the EU and OECD average.
- Education sector:
- The Slovak Republic manages to translate low expenditures into outcomes in an efficient manner.
- Health sector:
- The Slovak Republic does not translate expenditures into outcomes efficiently.
- Recent fiscal changes:
- Recent increases in expenditure levels have not improved outcomes.
- Fiscal potential:
- Significant budgetary savings could be achieved through increases in efficiency.
Scope and subjects covered
- Composition of public expenditure in the Slovak Republic.
- Relative efficiency assessment of spending in:
- Education
- Health
- Subject keywords included in the source: Education, Education spending, Expenditure, Health care spending, Total expenditures.
Implications for policy and practice
- Reallocate budgetary resources to better reflect spending priorities and cost-effectiveness.
- Prioritize efficiency-enhancing reforms in the health sector, where outcomes do not match expenditure levels.
- Evaluate recent spending increases to identify why they have not translated into improved outcomes and redirect funds or implement reforms accordingly.
- Seek efficiency gains as a source of significant budgetary savings.
International Monetary Fund — Public Expenditure in the Slovak Republic: Composition and Technical Efficiency (IMF Working Paper No. 2012/173, July 1, 2012).