Balance estimate: 04/2023
Budget 2023: -6.4 % GDP
Deviation: +0,7 % GDP
Commentaries
About the Budget Council
The Council for Budget Responsibility was formed in 2012 as an independent body set up to monitor and evaluate the fiscal performance of the Slovak Republic.
Through its expertise and the use of state-of-the-art analytical tools, the CBR will be holding a mirror up to the government, improve public awareness in the area of public finances, and facilitate better decision-making in the parliament.
The 2014 government deficit and debt figures released yesterday by Eurostat are positive, however, we should point at significant changes in the structure of revenues and expenditures. In 2014, the government failed to seize the opportunity of moving towards more sustainable public finances when its structural deficit increased by 0.9 % of GDP year-on-year and reached 3 % of GDP.