Finance Ministry: Per capita debt increased almost €2,000 under Fico

The gross debt of citizens of Slovakia increased between 2006 and 2009 by more than one thousand euros for each citizen, and this year the Finance Ministry expects per capita debt to grow by another €1,000.

The gross debt of citizens of Slovakia increased between 2006 and 2009 by more than one thousand euros for each citizen, and this year the Finance Ministry expects per capita debt to grow by another €1,000.

“Thus, every citizen including children and seniors will have public debt amounting to about €5,000,” Martin Jaroš, spokesperson of the finance minister, informed the Sme daily, adding that what he called “mismanagement” by the previous government had contributed to this outcome. He said that this was why the current government was having to adopt saving measures to reduce the debt burden.

The Finance Ministry was reacting to a statement made on Tuesday by Smer MP and former finance minister Ján Počiatek, who said that the latest prognosis of the Finance Ministry forecasting economic growth of four percent for this year was proof that the current Finance Minister Ivan Mikloš (SDKÚ) was lying when he compared the state of Slovakia’s economy to that of Greece. “The finance minister never claimed that the Slovak economy has been going bankrupt like the Greek one. However, he pointed out that the public finance deficit is increasing to the Greek level; in 2009, it represented eight percent of GDP and this year it will be just slightly smaller. Ján Počiatek, who served four years as finance minister, should know this difference,” Jaroš said.

Source: Sme

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

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