The Slovak public debt soared to 58 percent of gross domestic product over the second quarter of this year, according to Eurostat figures. In comparison to the first quarter of the year, this is an increase by more than 3 percent of GDP.
The director of the Finance Ministry’s Financial Institute Martin Filko claims this was caused by the issuing of government bonds to the amount of almost €7 billion and T-bills for €250 million. The increase in issues was also reflected by an increase in cash reserves. However, the Institute expects the public debt to go gradually down to some 54.3 percent of GDP towards the end of the year. In reaction to this data, SDKU vice-chairman Ivan Štefanec stated that the Government of Robert Fico is continuing to ruin the Slovak economy.
