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| Indebtedness rose to nearly €84 billion last year. |
| Bratislava, 25.09.2026 |
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| The growth of state expenditure and indebtedness is outpacing the growth of gross domestic product (GDP), resulting in a rising gross debt-to-GDP ratio, which reached 61.4% last year. Total debt stands at nearly €84 billion, representing more than €15,500 per capita. Efforts to cut state operating costs were insufficient. This was reported on Thursday in the National Council of the Slovak Republic by Ľubomír Andrassy, President of the Supreme Audit Office (NKÚ), in the office's statement regarding the draft state final account for 2025.
The NKÚ President highlighted the necessity of stimulating economic growth. The Slovak economy slowed last year, with real GDP growth reaching only 0.8%. This marks the lowest growth rate in three years and significantly trails the European Union average. The revenue component of the fiscal consolidation package was realized at just under 80%; only €1.5 billion was collected out of the expected €1.9 billion. The value-added tax (VAT) reform achieved approximately 97% of its target.
"The gap between expected and actual revenue was greatest regarding the transaction tax, where €168 million less was collected, while changes to corporate income tax brought nearly €100 million less into the budget than planned," Andrassy stated. Consolidation measures regarding personnel costs for state employees also failed to materialize. Total wage expenditures across budget chapters rose by 5.3% year-on-year—an increase of €171.4 million. The workforce within central state administration bodies totaled 14,357 employees in 2025, up by 363 compared to 2024. The number of filled positions in budgetary organizations increased by 227 over the same period.
State current expenditures rose by 5.4% year-on-year to €28.5 billion. "In the context of public finance consolidation, it is absolutely essential for the relevant authorities to focus on the expenditure side of the budget; the government must begin to make significant savings on state operations. Transparency and cost-efficiency in the use of public funds remain key challenges. Notably, state institutions accounted for the largest share of the debt—nearly €81 billion," Andrassy pointed out.
In 2025, Slovakia recorded its third-best balance of revenue from European sources since the inception of EU fund utilization. Initial financial milestones for programs under the 2021–2027 programming period were met, while capital expenditures accounted for only about one-quarter of total spending.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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