Slovakia failed to meet its budgetary plans last year, Eurostat confirmed

Only six EU member countries had worse results than Slovakia.

Finance Minister Eduar Heger (OĽaNO)Finance Minister Eduar Heger (OĽaNO) (Source: TASR )

Originally, the Peter Pellegrini cabinet planned to close the year 2019 with the first balanced budget in the history of modern Slovakia. Nevertheless, in the autumn it changed its plans and aimed to close the year with a general government deficit of 0.68 percent of GDP. But it failed to meet this plan too when Slovakia ended 2019 with a deficit of €1.22 billion or 1.3 percent of the country’s gross domestic product (GDP).

The government's debt last year reached €45.202 billion, which represented 48 percent of GDP. This stems from the first notification of the statistics office of the European Union, Eurostat, based on data provided by the Slovak Statistics Office. The Eurostat will confirm the final data for 2019 in the second, autumn analysis.

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