Living on Tomorrow’s Dime: State Social Spending Balloons

Public spending is set to reach 46.9% of GDP in 2027 under the approved budget, almost seven points above the 2016-19 average of 40%, fiscal responsibility council RRZ noted. Social security spending will be 1.9 points higher (pensions: +1.3). Healthcare will get 1.7 points more, partly due to generous doctors' wages. In contrast, transport infrastructure investment will fall by 0.9 points.

(sita.sk)