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The tax wedge for the average single worker in the Slovak Republic increased by 0.1 percentage points from 41.6 in 2017 to 41.7 in 2018. The OECD average tax wedge in 2018 was 36.1 (2017, 36.2).
Mr. Angel Gurría, Secretary-General of OECD, was in Bratislava on 3 April 2019 to hold a series of meetings to prepare the OECD’s annual Ministerial Council Meeting (MCM), taking place next 22-23 May 2019 under the chairmanship of the Slovak Republic.
The Slovak economy is experiencing a robust, broad-based expansion that is boosting living standards and promoting convergence with higher-income countries. Policies should now aim to sustain this expansion, prepare people for the future of work and ensure that the benefits of strong growth are shared amongst all Slovaks, according to a new report from the OECD.
Remarks by Angel Gurría Secretary-General for the Launch of the 2019 OECD Economic Survey of the Slovak Republic, Bratislava, 5 February 2019
Mr. Angel Gurría, Secretary-General of the OECD, was in Bratislava on 5 February 2019 to present the 2019 OECD Economic Survey of the Slovak Republic, alongside Mr. Peter Pellegrini, Prime Minister of the Slovak Republic.
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The tax-to-GDP ratio in the Slovak Republic increased by 0.5 percentage points, from 32.4% in 2016 to 32.9% in 2017. The corresponding figures for the OECD average were an increase of 0.2 percentage points from 34.0% to 34.2% over the same period.
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The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.
I am honoured to receive this GLOBSEC European Award. The Organisation I lead, the OECD, is part of Europe’s story, part of Europe’s history. Originally founded in 1947 as the secretariat of the Marshall Plan, the OECD has been there from the outset of post-war European reconstruction. And the OECD will continue to play its part in Europe’s future by drawing on what we do best: advancing better policies for better lives.