Fiscal Policy in the Slovak Republic

Introduction

On 1st January 1993, the independent Slovak Republic (SR) began to exist. During 1993 a democratic political system was created. It is a parliamentary democracy with a president at its head. The functions of the president were created and instituted, the Constitutional Court and Supreme Supervision Office were established. They began to create the relations determined by the constitution between the parliament (the National Council of the SR), government, president and judicial power. The functioning of the new state began to be confirmed by the issuing of new legislative norms and laws. Starting the incorporation of the SR into international structures was an important factor in the political life of the SR. The SR became a regular member of the Council of Europe, and signed a treaty on the SR becoming an associate member of the European Union.