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Parliament postpones session on public debt

Parliament did not discuss Slovakia’s public debt despite Speaker of Parliament Pavol Paška summoning the special session initiated by three opposition parties. The reason was that the MPs did not approve the programme, which means that they will meet again after summer, the SITA newswire reported on July 2.

Parliament did not discuss Slovakia’s public debt despite Speaker of Parliament Pavol Paška summoning the special session initiated by three opposition parties. The reason was that the MPs did not approve the programme, which means that they will meet again after summer, the SITA newswire reported on July 2.

The parties associated in the People’s Platform - the Slovak Democratic and Christian Union (SDKÚ), the Christian Democratic Movement (KDH) and Most-Híd - wanted to discuss the reasons why the public debt exceeded 52 percent of GDP as well as proposals for its decrease.

The current situation requires the special session since the ruling Smer party has refused to talk about the letter addressed to parliament in which the Finance Ministry explains the reasons of the increase and proposes solutions to the current situation, said Most-Híd MP Ivan Švejna when submitting the proposal for summoning the session on June 27, as reported by SITA.

The finance minister has to inform parliament about the reasons for the debt growth based on the constitutional law on budgetary responsibility, since the public debt rose to 52.1 percent of GDP last year, which means it passed the first, 50-percent limit of the debt brake, SITA wrote.

Meanwhile, Finance Minister Peter Kažimír told the members of the parliamentary committee of finances and budget that despite the gradual cuts in public-finance deficits towards the balanced budget in 2018, Slovakia’s debt will not fall below 50 percent of GDP during this decade. He explained that the increase in the public debt was affected by the budget deficit, extra income for state cash reserves via loans on financial markets and Slovakia’s involvement in the temporary and permanent bailout funds, the TASR newswire reported.

Earlier in the day, independent MP Alojz Hlina refused to leave the floor, saying that he must pose his questions to the entire government, which in fact blocked the voting and resulted in the premature termination of the last parliamentary session before the holiday, TASR newswire reported.

Source: SITA, TASR

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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