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Moody´s: Slovak Austerity Plans Not Realistic
Politics ♦
Published: January 10, 2013; 18:21 ♦ (Vindobona)
According to the U.S. rating agency, the deficit reduction plan may be too ambitious.
Moody´s: Slovak Austerity Plans Not Realistic / Picture: © Moody's Investors Service, Inc. - Annual Report 2013
In 2012, Slovakia´s budget deficit came at 4.62% of GDP, which is slightly below the initial expectations of 4.64%. The public debt level grew from 75.5% in 2010 to 76.7% in 2011. This year, the Slovak government plans to cut the budget deficit. In order to comply with the Maastricht criteria, the deficit should be reduced below 3.0% of GDP. Nevertheless, the debt level is expected to…
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