Budget Challenge

October 2005
Emerging Europe Monitor: Central Europe & Baltic States;Oct2005, Vol. 12 Issue 10, p1
Country Report
Country Report
In a relatively strongly performing economy, consolidation and structural reform of the public finances is the government's main economic challenge. BMI View: Reining in the budget deficit to the level required for euro adoption is the primary objective over the forecast horizon, but substantial reform of social welfare spending is required to ensure longterm fiscal sustainability in the face of an ageing population.


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