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| Tax shortfall increases deficit estimate to €6.4 billion or 4.5% of GDP |
| Bratislava, 27.02.2026 |
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| The Slovak public finance deficit should reach 4.5% of gross domestic product (GDP) this year, which represents 6.4 billion euros. The negative deviation from the government target reaches 0.4% of GDP or 565 million euros, which means a medium risk for meeting the approved budget. This is estimated by the Council for Budget Responsibility (CBR) in the current February budget traffic light, assuming that the government does not adopt any additional measures.
The Fiscal Council thus increased the estimated deficit level by 186 million euros or 0.1 percentage point compared to January. This was mainly caused by lower estimated tax revenues.
"The most significant negative deviation in the RRZ estimate from the budget is the shortfall in taxes and contributions reaching 0.5% of GDP (766 million euros), mainly lower expected revenue from value added tax (VAT) and labor taxes. The shortfall from the budget is mainly caused by less favorable economic development compared to the budget assumptions, slower growth is estimated for household consumption and nominal wages," the council explained.
The RRZ sees other risks from the budget in poorer management of local governments, which are related to additional expenses associated with the year of local elections, as well as in higher healthcare expenses due to the expected non-fulfillment of declared austerity measures.
"On the contrary, the most significant positive impact on the general government balance compared to the budget is the better management of other subjects of the General Government, especially the management of public universities and transport companies," the Budget Council added.
The RRZ also reduced the estimated deficit level for 2025 by EUR 70 million compared to the January estimate. The month-on-month improvement was mainly contributed by the better expected performance of other public administration entities. Based on currently available information, the deficit last year could have reached EUR 6.544 billion or 4.8% of GDP.odkaz na stránku |
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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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