State budget remains in sanction zones

Eurostat increased Slovakia's deficit and debt. The finance minister has some explaining to do.

Ladislav KamenickýLadislav Kamenický (Source: SITA)

Slovakia has not broken out of the sanction zones of the debt brake, the Eurostat data confirmed.

Eurostat's autumn notification revised data on general government debt and deficit upwards. According to the spring notification the debt was closely below 49 percent of GDP, which would have meant the level below the debt brake sanction zones, the TASR newswire reported.

Slovakia's general government deficit reached 1.06 percent GDP in 2018, according to Eurostat, compared to the originally reported 0.7 percent GDP.

The debt reached 49.4 percent GDP last year, a decrease of 1.91 percentage points year-on-year. This was partly due to adjustments to some items' reporting.

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