Strengthening public finances as a pillar of prosperity in the Slovak Republic
The Slovak Republic’s public debt is on track to rise from 61% of GDP in 2025 to over 100% of GDP by 2040 without further action. Consolidation should rely mainly on expenditure control and a strengthened fiscal framework. Crucially, fiscal adjustment should be combined with structural reforms that raise employment: doing so halves the fiscal consolidation required to reduce debt while boosting growth.
by Boris Cournède, OECD Economics Department
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