The Fiscal Council Increased the Estimate of the General Government Deficit, Mainly Due to Higher Defense Spending
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BRATISLAVA – Slovakia's economy may end up with a worse result this year than the approved budget predicted. The Council for Budget Responsibility (CBR) has increased the estimate of the general government deficit for 2026 to 6.4 billion euros, which represents 4.4 percent of gross domestic product (GDP). This is a deterioration of 217 million euros compared to the September forecast.
This year's cash budget deficit could reach a target of 6.25% of GDP, "subject to risks", shows an analysis by the Fiscal Council, based on the revised coordination of budget construction and implementation developments over the first 9 months of the year. Rectification was the first emergency of the new government and will eliminate [...]
The budget, based on the available data on implementation and on the information presented on the budgetary correction, has the premises to reach a cash target of 6.25% of GDP this year (the Government's official target being 6.2 % of GDP), shows the Fiscal Council in an analysis of the budgetary correction previously presented by the Ministry of Finance. The Fiscal Council also addressed the issue of amounts conveyed in the public debate as lat…
The Slovak Council for Budget Responsibility (RRZ) has raised its public finance deficit forecast for 2026. According to the latest estimates, without additional government action, the budget shortfall could reach €6.4 billion. The deterioration in the forecast is primarily due to higher military spending and higher local government costs.
The Council for Budget Responsibility (CBR) has increased the estimated level of the general government deficit (GDB) for 2026. Compared to the September forecast, the expected deficit has increased by 217 million euros, mainly due to higher estimated investments in defense due to the supply of military equipment. This follows from the October...
Without additional measures, analysts say the deficit could reach 6.4 billion euros.
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