Spectator on facebook

Spectator on facebook

Slovakia’s public deficit compares well among Visegrad Four countries

Slovakia ranked best among the Visegrad Four countries in the ratio of public debt to GDP in 2008, according to data released by the Vienna Institute for International Economic Studies (WIIW), the TASR newswire wrote.

Slovakia ranked best among the Visegrad Four countries in the ratio of public debt to GDP in 2008, according to data released by the Vienna Institute for International Economic Studies (WIIW), the TASR newswire wrote.

Slovakia's debt-to-GDP ratio stood at 28.8 percent in 2008, while the ratio for the Czech Republic, for example, was 29.4 percent. Although Slovakia's public-finance debt rose in nominal terms, the debt-to-GDP ratio went down because of rapid economic growth in 2007 and 2008, TASR wrote.

According to WIIW analyst Zdenek Lukas, the Slovak government could have done more to consolidate public finances in the previous two years.

“Compared to other EU-member countries, Slovakia cut its public-finance deficit sufficiently. But if we take into consideration the extraordinarily rapid growth of GDP in the last few years, the cut in the deficit could have been bigger," said Lukas, as quoted by TASR. 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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovakia is the first country to test a new VAT refund app

Getting money back for buying souvenirs in Slovakia will be easier - there will be an app.

Illustrative Stock Photo

Prosecution has found errancies in criminal files related to self-employed farmers

General prosecutor feels that some prosecutors in the east of Slovakia follow their own conscience and opinion and not valid legislation.

General prosecutor Jaromír Čižnár

Begin afresh

I’m not sure if there is a typical Canadian way to get married.

Homophobic banners attributed to Ján Mrva give rise to criminal complaint

The Bratislava Mayoral candidate denies being behind the banners but has not condemned the contents argues NGO.

Ján Mrva