IMF Staff Country Reports

Slovak Republic: Staff Report for the 2001 Article IV Consultation

Publication Date:

August 3, 2001

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

During 1996–98, the measured fiscal deficits have substantially underestimated the extent of the fiscal problem in Slovakia. Amid these signs of vulnerability, the present government has assumed office in October 1998, and embarked on policies to restore macroeconomic balances and lay the basis for sustainable economic growth. The fiscal tightening and developments in the nongovernment sector has led to a sharp fall in domestic demand in 1999, but a strong improvement in net trade performance partly offset their impact on aggregate demand.

Series:

Country Report No. 2001/126

Subject:

Economic sectors Expenditure External debt Fiscal consolidation Fiscal policy Privatization Public debt