Premier Robert Fico welcomed the Fitch agency’s decision to affirm Slovakia’s A- rating with a stable outlook, calling it proof that the government’s fiscal consolidation is working. He said Slovakia remains a reliable financial partner, pointing to the successful sale of government bonds worth 700 million Swiss francs.
Fico also announced that the Coalition Council is due to meet on 14 May to discuss measures aimed at supporting economic growth, mainly without major impact on the state budget.
Finance Minister Ladislav Kamenicky said the government has reduced the planned public deficit from 6.51 percent of GDP to 4.45 percent, arguing that without consolidation Slovakia’s deficit and debt would be significantly higher.
Source: TASR
Martina Šimkovičová-Greňová; photo: TASR
