Slovakia’s general government debt jumped up to 58.4 percent of GDP at the end of the first quarter of this year. The Finance Ministry explains that Slovakia capitalized on favorable market conditions and borrowed funds.
Investors bought our government bonds at low interests. If the debt exceeds 57 percent of GDP at the end of this year, the next threshold of the debt brake will be activated and the Cabinet will have to compile a balanced budget.
Zuzana Botiková
