Slovakia’s public debt grew by more than 3.5 percent of GDP in the first quarter of this year, adding over 5 billion euros compared to late 2024. Currently, Slovakia’s public debt is among the fastest-rising in the EU.
Finance Minister Ladislav Kamenický (Smer-SD) says the government still expects to slow or even halt debt growth by the end of its term, as part of a fiscal consolidation plan.
But the opposition Christian Democratic Movement (KDH) disagrees. The party warned on Friday that the country’s tax revenue shortfall – particularly in VAT – will lead to deeper cuts in public spending.
According to the Council for Budget Responsibility (RRZ), the government will need to introduce measures worth 2 billion euros next year to avoid breaching national and EU debt rules.
Source: TASR
