Spectator on facebook

Spectator on facebook

Finance Ministry: IMF positive about Slovak reforms

IN its latest country report on Slovakia released on January 11 the International Monetary Fund (IMF) said it appreciated Slovakia's reforms and measures taken, according to Finance Minister Ivan Mikloš.

"These [reforms] enable the achievement of high and sustainable economic growth," said Mikloš at a press conference.

According to the minister, the IMF also positively evaluated improved budgetary discipline, thanks to which last year's general government deficit should be several tenths of a percentage point lower than projected, the SITA news agency wrote.

The IMF appealed on Slovakia to use chiefly non-budgetary revenues to reduce the budget deficit.

In the report, the IMF pointed out that Slovakia's inflation targets for 2006 and 2007 are ambitious and achieving them is subject to some risk. The Slovak crown should have certain space for appreciation within the ERM II mechanism.

However, the IMF appealed to the authorities to prevent the crown firming so much as to harm the country’s competitiveness.

Slovakia aims to decrease the harmonized inflation rate to below 2.5 percent this year and below 2 percent in 2007.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

12 places where you can see the works of one of the best medieval wood carvers Photo

The works of the renowned Master Paul are not limited just to Levoča.

St Geirge Curch in Spišská Sobota

Heatwaves to continue in Slovakia over the following days

More than 40 people collapsed due to hot weather on Thursday.

Jourová: Fico not fully informed on all EC’s activities on double standards

European Commission President Jean-Claude Juncker will meet with Fico to discuss double quality standards of foods on July 27 in Brussels.

European Commissioner for Justice, Consumers and Gender Equality Věra Jourová

Foreigners: Events in Bratislava Video

Tips for performances and other events in the capital between July 21 and July 30, including concerts, parties, festivals, classical music, inline skating, exhibitions and more.