Achieving fiscal flexibility and safeguarding sustainability - The case of Slovakia

Euro Area entry calls for more fiscal flexibility to absorb cyclical shocks that cannot be dealt with by the common monetary policy. At the same time fiscal consolidation must not be put at risk, especially given rising ageing related costs.

Related Documents

• Economic Survey of the Slovak Republic 2009

Economic Survey of the Slovak Republic 2009: Achieving fiscal flexibility and safeguarding sustainability

Euro area entry calls for more fiscal flexibility to absorb cyclical shocks that cannot be dealt with by the common monetary policy. At the same time fiscal consolidation must not be put at risk, especially given rising ageing related costs.

Tax Policy Development in Denmark, Italy, the Slovak Republic and Turkey

Tax reform is an on-going process, with tax systems continuously adopting to reflect changing economic, social and political circumstances. Over the last two decades, almost all OECD countries have undertaken structural changes in their tax system which have altered the way these systems function and their economic and social impacts. In some countries – as, for instance, many of the Eastern European economies in transition - the