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Slovakia: Economic Upward Trend Supports Fiscal Targets
Politics ♦
Published: September 26, 2013; 22:08 ♦ (Vindobona)
After six consecutive quarters of economic deceleration, Slovakia faces better economic data. The positive trend helps Slovakia´s government.
Slovakia: Economic Upward Trend Supports Fiscal Targets / Picture: © Vindobona.org
Prime Minister Fico emphasized that austerity measures are a priority for the Slovak government. After a budget deficit of 4.3% in 2013, Slovakia´s government wants to lower the budget gap to 3.0% of GDP. Due to the promising economic frame conditions, Slovakia´s government may actually reach this objective.
Like other smaller and open countries in Central and Eastern…
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