Fiscal Strategy Entrenched?

November 2005
Emerging Europe Monitor: Central Europe & Baltic States;Nov2005, Vol. 12 Issue 11, p9
Country Report
Country Report
The article focuses on the fiscal strategy of Slovakia. Given the coalition's weakening parliamentary position and the approach of elections, there is a risk that fiscal deficit targets will be overrun in 2006. According to Business Monitor International Ltd., a tighter fiscal stance would be desirable to assist inflation reduction and lessen some of the back-loading of fiscal consolidation to the key year of 2007. Compared to fellow euro aspirants Poland, Hungary and the Czech Republic, Slovak fiscal policy turns out to be remarkably restrained, especially in a pre-election context.


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