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Economic think tank says higher Slovak taxes should not finance ineffective spending

Increasing the tax burden, which is supposed to help improve the situation of public finances, is not an appropriate instrument for solving the present situation, wrote the conservative economic think tank INESS, the Institute of Economic and Social Studies, as reported by the SITA newswire.

Increasing the tax burden, which is supposed to help improve the situation of public finances, is not an appropriate instrument for solving the present situation, wrote the conservative economic think tank INESS, the Institute of Economic and Social Studies, as reported by the SITA newswire.

According to the institute, de facto increasing taxes legitimises what it called the increase in ineffective spending that took place in the past few years.

"An appropriate reaction to this increase [in spending] would be a more resolute reduction of public spending," analyst Radovan Ďurana stated in the recently published INESS analysis, as quoted by SITA. According to the institute, an increase in tax rates is unacceptable as long as it is supposed to pay for what it called a wild increase in ineffective spending by the public sector in the past.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
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