Slovakia’s government debt well below the EU average

However, Slovakia’s government deficit slightly worsened in 2018.

Slovakia remains in the club of the EU countries with one of the lowest government debts. Slovakia's debt was at 49.4 percent of GDP in 2018Slovakia remains in the club of the EU countries with one of the lowest government debts. Slovakia's debt was at 49.4 percent of GDP in 2018 (Source: TASR)

In the EU-28, seven countries recorded a higher deficit and 16 countries had higher government debt than Slovakia last year.

The 2018 Summary Annual Report, approved by the government on November 6, shows Slovakia’s government debt stood at 49.4 percent of GDP, which is a 1.9-percent improvement year-on-year, the TASR newswire reported.

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However, the country’s government deficit was at 1.1 percent of GDP in 2018, which was a year-on-year drop of 0.1 percentage point.

Related article Eurostat: Slovakia's government debt and deficit decreased in 2018 Read more 

Slovakia thus continues to be one of the countries with a significantly lower debt within the EU. The EU average deficit was 0.7 percent of GDP, and the EU average government debt was 80.4 percent of GDP.

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