01734cas a2200241 a 4500 AALejournalIMF016554 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513509310 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Slovak Republic : Selected Issues. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (52 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper examines the need of reformation of the Fiscal Responsibility Act (FRA) in the Slovakia. It is suggested that in light of experience gathered so far, FRA modifications should be considered. Clear guidelines regarding a cost-effective cash management strategy should be established. Debt brake level should be kept at the current limits, rather than lowered over time, to avoid unduly eroding fiscal space. Policies should aim to maintain a safe margin below debt thresholds to allow fiscal policy to play a counter-cyclical role in the future during downturns. Adjustment measures should be more gradual and the bias toward spending cuts should be lessened or removed. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/014 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/014/002.2016.issue-014-en.xml IMF e-Library