Slovakia's state budget recorded a deficit of €3.675 billion at the end of August 2026, down by €629.3 million, or 14.6 percent, from the deficit recorded in August last year, the Finance Ministry posted on its website on Wednesday.
Compared with July, however, the deficit increased by almost a quarter.
State budget revenues rose by €2.195 billion year-on-year, or 14.5 percent, to €17.294 billion at the end of August, while expenditure increased by €1.566 billion, or 8.1 percent, to €20.979 billion.
Tax revenues rose by €1.293 billion year-on-year, or 9.8 percent. Positive year-on-year developments were recorded for almost all taxes. Value added tax revenues increased by €713.7 million, corporate income tax revenues by €357.5 million, excise tax revenues by €104.3 million and insurance tax revenues by €20.2 million. Positive developments were also recorded for the financial transaction tax, which increased by €164.4 million year-on-year.
Despite a €340 million increase in transfers to local and regional government, personal income tax revenues rose by €47.5 million year-on-year. The special levy on businesses operating in regulated sectors was €70 million lower year-on-year. The solidarity contribution from activities in the oil, natural gas, coal and refinery sectors fell by €27.7 million year-on-year. Negative developments were also recorded in withholding tax, which fell by €14 million, and motor vehicle tax, which declined by €2.9 million. By contrast, taxes on international trade and transactions, including penalties, increased by €200,000 year-on-year.
The Finance Ministry also reported positive developments in revenues from the EU budget, which increased by €192.1 million, or 22.1 percent, year-on-year. Revenues from the Recovery and Resilience Plan reached €668.4 million, whereas no such revenues were recorded during the same period last year. Dividend revenues fell by almost one third, or €38.1 million, year-on-year. According to the ministry, these revenues are expected to be realised mainly in the second half of the year.
Other state budget revenues increased by €80.1 million year-on-year. Revenues from levies on gambling and other similar games rose by €52.1 million, other non-tax revenues by €34.6 million, rental income by €18.6 million and capital revenues by €14.4 million. Negative developments were recorded in administrative fees, which fell by €29.7 million, and interest income, which declined by €10.9 million. Domestic grants and transfers increased by €1 million year-on-year.
Debt servicing costs increased significantly, by more than one third. They reached €1.506 billion, an increase of €403.9 million year-on-year. During the first eight months of the year, the state also recorded a year-on-year decrease in transfers to the state-owned SP social insurer, falling by €397.4 million to €802.6 million.
Source: TASR
