Public debt at 15.7 percent of GDP in 2006

Public debt totalled 15.7 percent of GDP in 2006, while the figure for the EU as a whole reached 62.5 percent, according to data from the European Central Bank (ECB) published on July 9.

Public debt totalled 15.7 percent of GDP in 2006, while the figure for the EU as a whole reached 62.5 percent, according to data from the European Central Bank (ECB) published on July 9.

Along with other countries in Central and Eastern Europe, Slovakia has a relatively low ratio of debt, including mortgages. At the same time, the ECB data shows that year-on-year percentage debt increases between 2001-06 in new EU-member states were significantly higher than in the EU15. While the average year-on-year debt increase in the EU25 in the first half of 2006 was 9 percent, the figure for Slovakia was 51 percent, while Slovenia recorded 69 percent. The rise in credit in Slovakia is largely due to improved living standards, the construction boom, and a wider range of credit on offer. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

News digest: Slovakia gets a silver medal and a new UNESCO site

NCZI will check for vaccination among attendees of Pope-related events. Pro-vaccination gathering planned in Bratislava on Friday evening. Storm warnings this weekend.


12 h
Wrapped up in a rainbow flag, Slovak singer Karin Ann performs "babyboy" on a national TV broadcaster in Poland.

Slovak Billie Eilish supports LGBTI people on live Polish TV

Sports, travel and culture stories about Slovakia in one place.


17 h
The Nord Stream 2 pipeline is installed in Swedish waters.

US and Germany made a declaration on Nord Stream 2. Where does it leave Slovakia?

Slovakia’s official position to Nord Stream 2 has gone from slightly critical to silent, analyst says.


29. júl