The Slovak Republic experienced the highest spike in real public expenditure from 2007 to
2009, more than doubling the average increase of 7.7 percent in Europe and other advanced
economies. Moreover, the country has a relatively large share of committed expenditure (i.e.,
subsidies, social benefits, and interest payments), which has increased over time, contributing to a rigid expenditure structure. Compared with the average for the EU-OECD countries, the
overall composition of public expenditures shows a larger share devoted to social benefits,
accounting for almost half of total expenditures, while the wage bill is considerably smaller.
In terms of total expenditures, the already small share of subsidies has declined progressively
since 1998 but has been volatile. There has been a steadier decline in the share of interest
payments, which fell from 9.0 percent of total expenditures in 2001 to 3.5 in 2009. After a
consistent decline since 2001, acquisitions of NFA rebounded in 2009.
The Slovak Republic experienced the highest spike in real public expenditure from 2007 to
2009, more than doubling the average increase of 7.7 percent in Europe and other advanced
economies. Moreover, the country has a relatively large share of committed expenditure (i.e.,
subsidies, social benefits, and interest payments), which has increased over time, contributing to a rigid expenditure structure. Compared with the average for the EU-OECD countries, the
overall composition of public expenditures shows a larger share devoted to social benefits,
accounting for almost half of total expenditures, while the wage bill is considerably smaller.
In terms of total expenditures, the already small share of subsidies has declined progressively
since 1998 but has been volatile. There has been a steadier decline in the share of interest
payments, which fell from 9.0 percent of total expenditures in 2001 to 3.5 in 2009. After a
consistent decline since 2001, acquisitions of NFA rebounded in 2009.
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