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Table of contents; Basic statistics of Slovak Republic, 2011; Executive summary; Key policy recommendations; Assessment and recommendations; The economy has been resilient; Figure 1. Key macroeconomic indicators; The short-term outlook has weakened; Table 1. Short-term projections; Medium and long-t...

Consolidating public finances in a growth-friendly wayFigure 6. Fiscal deficit and 10-year government bond rates; Table 2. Public finances; Improving the fiscal framework; Ensuring the sustainability of the pension system; Reducing the cost of consolidation; Figure 7. General government spending and...

Figure 9. Spending, average achievement and saving opportunities in educationFigure 10. Teachers' remuneration; Box 2. Key recommendations for education policy; Improve labour market performance; Box 3. Recent and future changes in the labour code; Table 5. Tax wedges; Figure 11. Work incentives; Fi...

Returning public finances to a sustainable pathFigure 1.1. General government gross debt and deficit; Restoring public finances will require a long-term effort; Figure 1.2. Medium-term debt profiles and sensitivity to bond yields and potential growth; Population ageing increases contingent liabiliti...

The new Fiscal Responsibility Board will help monitor fiscal sustainabilityBox 1.3. Nature and role of the Fiscal Responsibility Board; Attaining a sustainable and growth-friendly spending path; Strengthening the medium-term expenditure planning processes; Figure 1.3. General government spending and...

Figure 1.5. Efficiency of tax collection