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Slovakia: Budget Deficit Comes at 4.6%
This year, the Slovak budget deficit is expected to be significantly beyond the Maastricht criteria.
Slovakia: Budget Deficit Comes at 4.6% / Picture: © Vindobona.org
According to the Slovak government, the budget deficit will come at 4.62% of GDP this year. This is slightly below the initial expectations of 4.64%.
Despite the austerity course, the Maastricht criteria will be violated, however. This is mainly due to the weaker tax collection. At the beginning of December, OECD´s Secretary General Angel Gurria called Slovakia to improve its…
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