IMF Staff Country Reports

Slovak Republic: Technical Assistance Report-Implementing Public Expenditure Limits

Publication Date:

November 3, 2023

Electronic Access:

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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.

Series:

Country Report No. 2023/359

Subject:

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

Frequency:

regular