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How to measure a genuine consolidation effort of the government - a case of Slovakia

The “Open Budget Initiative 2010” ranked Slovakia behind the neighbouring Czech Republic and Poland in the provision of satisfactory information on public finances. It was recommended that the relationships between revenues, expenditures and the macro-economic objectives of different governments be better explained. Therefore, the Institute for Financial Policy (IFP) will, also in the form of these policy briefs, try to provide various fiscal indicators for Slovak fiscal policy. This note focuses on the calculation of the consolidation effort.