Public finance deficit dropped to 4.5% of GDP in 2025

The public finance deficit dropped to 4.5% of GDP last year, ŠÚ reported. The government’s target was 4.7% of GDP, and it reached 5.4% in 2024, according to updated figures. The Finance Ministry cites a responsible approach by the government and the results of its fiscal consolidation (new and higher taxes). According to the fiscal responsibility council RRZ, the improvement was driven by one‑off effects, such as a delay in military equipment deliveries and savings by state companies ŽSR and ŽS Slovensko. These factors also outweighed lower‑than‑planned tax and levy collections. The government aims to cut the deficit to 4.1% this year.

(openiazoch.sk)