1887

Making the Most of Public Investment in the Eastern Slovak Republic

image of Making the Most of Public Investment in the Eastern Slovak Republic

The Slovak Republic joined the European Union in 2004, the Schengen area in 2007 and the euro in 2009. These events, coupled with decentralisation reform and the creation of administrative regions, have brought significant change. While overall growth has been impressive compared to OECD countries overall, benefits have not accrued equally across the country. Public investment could potentially improve regional conditions and attract private funding, but governance bottlenecks stand in the way. This case study shows that the main obstacles to effective public investment are linked to high local fragmentation as well as the challenges national and subnational administrations face in designing and implementing investment strategies that correspond to local needs. Drawing on a detailed set of indicators, the study provides recommendations to address these challenges and make the most of public investment in the Slovak Republic.

English

.

Foreword and Acknowledgements

How to make the most of public investment across levels of government? This question is critical in today’s tight fiscal environment. Public investment is a shared responsibility across levels of government. It makes its governance particularly complex. Sub-national governments, defined as states, provinces, regions and other municipalities, undertook around 60% of public investment in OECD countries in 2014. Most of the sub-national public investment goes to areas of critical importance for future economic growth, sustainable development and citizens’ well-being.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error