Commission Report 2002 (Slovakia)

Economic criteria

Some progress towards ensuring medium-term sustainability of public finance can be recorded. Improvements in public finance management have been introduced. Some reform steps have been instituted in the health and pension systems but the bulk of the measures required to achieve fiscal sustainability is still outstanding. The remaining state-owned banks and the insurance company have been privatised so financial sector restructuring is now almost completed. Bad-debt recovery mechanisms are being better implemented. The economic priorities of the Accession Partnership have been partially met.