Slovak Republic : Technical Assistance Report-Public Investment Management Assessment.

This Technical Assistance paper assesses Slovak Republic's public investment management framework using the IMF's Public Investment Management Assessment (PIMA) methodology and advises the authorities on options to strengthen further the management of public investment. State-owned enterpr...

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Detalhes bibliográficos
Autor Corporativo: International Monetary Fund. Fiscal Affairs Dept
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2019.
Colecção:IMF Staff Country Reports; Country Report ; No. 2019/330
Acesso em linha:Full text available on IMF
Descrição
Resumo:This Technical Assistance paper assesses Slovak Republic's public investment management framework using the IMF's Public Investment Management Assessment (PIMA) methodology and advises the authorities on options to strengthen further the management of public investment. State-owned enterprises are major investors in infrastructure but are subject to little central oversight of their operational or financial performance. The report makes seven recommendations aimed at strengthening PIM institutions and reducing the identified efficiency gap. These recommendations focus on key bottlenecks and challenges in the investment process. Issues that warrant the authorities' primary attention include introducing a strategic planning framework for public investment; developing a fully-operational pipeline of major projects, based on clear and robust selection criteria; and improving the credibility of the annual budget and medium-term budget ceilings. It also recommends establishing a national strategy and norms for routine and capital maintenance budgeting that will enhance the quality of strategic existing infrastructure.
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Descrição Física:1 online resource (51 pages)
Formato:Mode of access: Internet
ISSN:1934-7685
Acesso:Electronic access restricted to authorized BRAC University faculty, staff and students