FISCAL POLICY OF SLOVAK REPUBLIC IN THE PROCESS OF EUROPEAN FISCAL UNION CREATING
FISCAL POLICY OF SLOVAK REPUBLIC IN THE PROCESS OF EUROPEAN FISCAL UNION CREATING

Summary/Abstract: The globalisation process and extension of the international economic area brings not only positives, but also a number of questions and issues to which governments and integration groups search solutions. Contrary to monetary policy, fiscal policy has had a limited spatial dimension so far. It is predominantly a responsibility falling on the shoulders of national governments. Fiscal policy is related to different economic, social and cultural potential or territorial and administrative arrangement of individual countries, which prevents the full implementation of unified rules, valid for whole EU to a certain extent. The paper introduces the author’s view on unifying fiscal policy rules towards the European fiscal union from the perspective of the Slovak Republic.

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