Slovakia will have spent nearly €5bn on household energy subsidies in 2023–26

Slovakia will have spent nearly €5bn on household energy subsidies in 2023–26. As a result, energy prices rose only 28% in 2016–25, compared with an EU average of 49% and 73% in Czechia. However, Czech prices fell 4% last year, while Slovak prices stagnated. Slovakia financed subsidies through massive tax increases, which dampened economic growth and pushed inflation higher. Public debt rose, too.

(sme.sk)