Slovak Republic; 2009 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

This 2009 Article IV Consultation highlights that following a period of rapid growth, economic activity in the Slovak Republic tumbled in the first half of 2009 as a result of the global crisis. Slovakiaâ€™s banks have so far withstood the global crisis relatively well. Executive Directors have encouraged the authorities to formulate and announce a credible medium-term fiscal consolidation strategy, aimed at bringing down the general government deficit to within the Maastricht norm in a timely manner. Directors have also emphasized that external competitiveness will require sustained structural reforms and wage discipline.

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Year of publication:	2009-07-28
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultation reports \| Bank supervision \| Banks \| Budget deficits \| Economic growth \| Economic indicators \| External shocks \| Financial sector \| Fiscal consolidation \| Fiscal reforms \| Labor market policy \| Staff Reports \| banking \| fiscal policy \| national bank \| banking sector \| foreign exchange \| government deficit \| tax revenue \| fiscal stimulus \| fiscal response \| budget deficit \| capital adequacy \| fiscal operations \| budgetary impact \| expenditure growth \| budget process \| annual budget \| fiscal strategy \| fiscal stimulus package \| deposit guarantee \| public debt \| government budget \| tax reduction \| fiscal transparency \| fiscal risks \| central government budget \| tax reductions \| government spending \| central government budget deficit \| current expenditure \| banking activities \| banking sector stability \| bank balance sheets \| return on equity \| taxation \| bank funding \| bank subsidiaries \| tax credit \| banking system \| off balance sheet \| public finance \| primary expenditure \| fiscal position \| return on assets \| fiscal stance \| fiscal projections \| bank asset quality \| government revenue \| fiscal deficit \| medium-term fiscal strategy \| government budget deficit \| tax burden \| fiscal discipline \| bank supervisors \| bank bonds \| bank asset \| bank monitoring \| fiscal balance

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 09/221 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243200