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Economy needs €1.8bn fiscal stimulus

The Slovak economy needs a €1.8bn fiscal stimulus, says Ján Tóth, head of the fiscal responsibility council RRZ. He says the Slovak economy is 2.5% below its potential and the state pandemic assistance to companies has only amounted to 3% of GDP to date (it was double that in the EU). The stimulus should be targeted at the service sector. Economy Minister Richard Sulík has already prepared a large compensation package helping firms hit by the pandemic, but OĽaNO has been refusing it. It argues that of all EU countries, Slovakia faces the highest risk to the long-term sustainability of its public finances. This limits the potential fiscal stimuli.


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Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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