Public debt growth 7th-highest in EU
- Vladimír Dohnal
- Jul 25, 2023
- 1 min read
In 2020-22, during the pandemic and the energy crisis, Slovakia's public debt rose by 41% from €46.4bn to €65.3bn; in per capita terms, the debt rose from €8,600 to €12,000. The increase of 8.9% of GDP is the 7th-highest in the EU. The problem is that debt growth financed pensions and social benefits, while public investment was low and, moreover, continued to decline. In Czechia and Hungary, the public debt rose by 12% and 9% of GDP respectively, while in Poland by only 0.5% of GDP. Improvement is nowhere in sight, as Slovakia will post the highest public finance deficit in the EU this year.
(trend.sk)
Recent Posts
See AllThe €250,000 price of an apartment in Bratislava includes the cost of the land (€50,000) and the 5-year permitting process (€30,000),...
Volkswagen 's Bratislava plant tried to win production of the electric VW ID.1 model, but despite ranking well in internal VW plant...
Slovakia’s employment rate among the 20 to 64-year-olds rose to a record high last year and was higher compared to the EU’s average of...
Comments