Fiscally irresponsible coalition

Slowing economic growth is reducing tax intake and increasing the volume of consolidation measures required to meet the government's fiscal targets. According to a forecast by the fiscal responsibility council RRZ, measures must total €2bn in 2026, €0.9bn in the election year 2027, and €1.8bn in 2028. Without those measures, public debt will balloon from 60% of GDP this year to 75% in 2029. (stvr.sk) The current government oversaw a public finance deficit exceeding 5% of GDP during its first two years, and will again exceed the threshold this year. Despite major tax hikes, it has not started fiscal consolidation, prioritizing "social" measures instead.