Structural Reforms For Long-Term Development
Structural Reforms For Long-Term Development
ARDAL
The Slovak government continues to implement structural reforms to boost competitiveness; key
areas include pensions, tax policy and the Value for Money initiative
✓ Pension Reform saving 3% of GDP in the long run:
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Retirement age linked to life-expectancy
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Pensions linked to inflation performance
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Introduction of private pension schemes
Improving Tax Collection and Combating Tax Evasion
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VAT revenues have increased by 39% since 2012 primarily due to more effective tax collection
•
Law regulating offshore companies' participation in the public procurement process
Value for Money Initiative
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Government initiative to raise public spending efficiency (started in 2016)
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Compulsory spending reviews of at least 50% of government expenditures within the electoral cycle
Public Investment projects evaluation (for projects over EUR 10m in the IT sector & over EUR 40m in other
sectors)
Past spending reviews:
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Healthcare, transport and informatization completed in 2016
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Education, social policies and environment sector completed in 2017
.
Public wage bill, agriculture, culture, marginalized groups and healthcare 2 to be finished in 2019
H
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