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Government is preparing a €1.5bn (1.1% of GDP) package

The government is preparing a €1.5bn (1.1% of GDP) package with new revenue streams and spending cuts, Finance Minister Ladislav Kamenický said. Previously, he capped the consolidation efforts at 0.5% of GDP. Slovakia has the largest public finance deficit among EU states in 2023-24, and Kamenický wants to show investors that he has a clear and credible plan to reduce it. He predicts that energy subsidies will no longer be needed next year, which will improve the public finance balance by €1bn. Budget revenues are also set to be boosted by changes in the health sector, with the government having already increased health levies for this year. Further measures may include a sugar tax and higher personal income taxes.


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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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