Slovak Republic: Technical Assistance Report-Implementing Public Expenditure Limits

Author: International Monetary Fund. Fiscal Affairs Dept.

Volume/Issue: Volume 2023 Issue 359

Publication date: November 2023

ISBN: 9798400255618

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , International - Economics , State secretary , PEL methodology , budget chapter , state budget , authorities of the Slovak Republic , Value-for-Money Unit , Budget planning and preparation , Budget execution and treasury management , Fiscal space

Also of interest

Republic of Congo : 2001 Article IV

Spain

Malawi

Peru

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.