Slovak Republic: Technical Assistance Report-Implementing Public Expenditure Limits

November 3, 2023

Preview Citation

Format: Chicago

Slovak Republic: Technical Assistance Report-Implementing Public Expenditure Limits, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

Multi-annual public expenditure limits (PEL) are the latest addition to Slovakia’s rule-based fiscal framework and provide an operational fiscal policy instrument to strengthen fiscal discipline. This report advises on enhancements to public financial management for the successful introduction of PEL. It outlines the steps to move towards a more strategic, medium-term approach to budgeting. It also advises on how to manage spending under the PEL, including through contingency margins; to integrate expenditure baselines and spending reviews in the budget process; and to tighten budget execution. Finally, it advises on institutional changes to facilitate the process.

Subject: Budget execution and treasury management, Budget planning and preparation, Expenditure, Fiscal policy, Fiscal space, International organization, Monetary policy, Public financial management (PFM)

Keywords: Authorities of the Slovak Republic, Budget chapter, Budget execution and treasury management, Budget planning and preparation, Fiscal space, PEL methodology, State budget, State secretary, Value-for-Money Unit

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/359
Stock No:

1SVKEA2023001
ISBN:

9798400255618
ISSN:

1934-7685

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