Slovak President Andrej Kiska signed the general government budget for next year on Tuesday. The public finance deficit should for the first time drop below 1 percent next year, specifically to 0.83 percent of GDP. Slovakia should achieve a balanced budget in 2020.
If these budgetary aims are met, public sector debt should dwindle below 50 percent of GDP next year. Slovakia should post a state budget deficit of €1.973 billion next year. The draft budget has been drawn up based on the current macroeconomic prognosis, envisaging GDP growth at 4.2 percent next year. The growth's acceleration should chiefly result from new automotive production and related export growth.
Martina Šimkovičová, Photo: TASR
