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World Bank: Cut those deficits

The World Bank presented the Slovak government with a list of 11 basic economic recommendations, including lowering the fiscal and trade deficits, reducing tax breaks for investors and raising the retirement age to 65.

“If the reforms in this analysis are not implemented, Slovakia could find itself in a situation similar to that of Poland. The budget deficit would remain high, economic growth would fall and the gap between the standard of living in Slovakia and the EU would grow,” said Roger Grawe, World Bank head for central Europe and the Baltics.

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

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