{"id":28508,"date":"2022-06-09T14:47:14","date_gmt":"2022-06-09T12:47:14","guid":{"rendered":"https:\/\/www.rrz.sk\/fiskal-data\/riziko-dlhodobej-udrzatelnosti-verejnych-financii\/"},"modified":"2024-11-26T00:03:27","modified_gmt":"2024-11-25T23:03:27","slug":"long-term-sustainability-risk-public-finance","status":"publish","type":"page","link":"https:\/\/www.rrz.sk\/en\/fiscal-database\/long-term-sustainability-risk-public-finance\/","title":{"rendered":"Long-term Sustainability Risk of Public Finances"},"content":{"rendered":"<div class=\"iframe-box\"><iframe loading=\"lazy\" class=\"iframe-graph\" title=\"fiskalna_DB_1_1_prehlad_1_udrz_2\" src=\"https:\/\/app.powerbi.com\/view?r=eyJrIjoiYWZjYzhhNzAtMTI2Ni00OThjLWFkYzAtODE4OWZiOTYwMzZmIiwidCI6Ijk1MGZjNmZjLTRiOWEtNDI1ZS04YzNhLTVmZjUzOGJlNDY1NyIsImMiOjl9\" width=\"600\" height=\"373.5\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><br \/>\n<\/iframe><\/div>\n<p>The indicator is divided into three risk levels:<\/p>\n<ul>\n<li><strong>Low Risk<\/strong> \u2013 indicator value less than 1% of GDP,<\/li>\n<li><strong>Medium Risk<\/strong> \u2013 indicator value between 1% and 5% of GDP,<\/li>\n<li><strong>High Risk<\/strong> \u2013 indicator value above 5% of GDP.<\/li>\n<\/ul>\n<p>Any legislative adjustment with a long-term impact on public finance has an impact on long-term sustainability. This may include changes to the pension system, introduction of new social benefits, and similar adjustments. A deterioration in the state of public finance is reflected in an increase in the indicator, whereas improvement or fiscal consolidation is shown by a decrease in the indicator.<\/p>\n<p>Further details on the long-term sustainability indicator can be found in the <a href=\"https:\/\/www.rrz.sk\/en\/tag\/long-term-sustainability\/\" target=\"_blank\" rel=\"noopener\">Long-term Sustainability section<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Public finances are considered sustainable in the long term if public debt, without policy changes, remains below the upper limit of the debt brake in the coming decades. In other words, the debt would remain under control in current legislative settings. The Council for Budget Responsibility (CBR) regularly assesses the long-term sustainability of public finances by calculating the long-term sustainability indicator. This indicator reflects the necessary fiscal improvement to achieve long-term sustainability of public finances over the long horizon as a percentage of GDP.<\/p>\n","protected":false},"author":7,"featured_media":0,"parent":28492,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-two-columns.php","meta":{"_acf_changed":false,"h5ap_radio_sources":[],"footnotes":""},"class_list":["post-28508","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Long-term Sustainability Risk of Public Finances - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rrz.sk\/en\/fiscal-database\/long-term-sustainability-risk-public-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Long-term Sustainability Risk of Public Finances - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165\" \/>\n<meta property=\"og:description\" content=\"Public finances are considered sustainable in the long term if public debt, without policy changes, remains below the upper limit of the debt brake in the coming decades. 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This indicator reflects the necessary fiscal improvement to achieve long-term sustainability of public finances over the long horizon as a percentage of GDP.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rrz.sk\/en\/fiscal-database\/long-term-sustainability-risk-public-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-25T23:03:27+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rrz.sk\/en\/fiscal-database\/long-term-sustainability-risk-public-finance\/\",\"url\":\"https:\/\/www.rrz.sk\/en\/fiscal-database\/long-term-sustainability-risk-public-finance\/\",\"name\":\"Long-term Sustainability Risk of Public Finances - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165\",\"isPartOf\":{\"@id\":\"https:\/\/www.rrz.sk\/#website\"},\"datePublished\":\"2022-06-09T12:47:14+00:00\",\"dateModified\":\"2024-11-25T23:03:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rrz.sk\/en\/fiscal-database\/long-term-sustainability-risk-public-finance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rrz.sk\/en\/fiscal-database\/long-term-sustainability-risk-public-finance\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rrz.sk\/en\/fiscal-database\/long-term-sustainability-risk-public-finance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Domovsk\u00e1 str\u00e1nka\",\"item\":\"https:\/\/www.rrz.sk\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fiscal Database\",\"item\":\"https:\/\/www.rrz.sk\/en\/fiscal-database\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Long-term Sustainability Risk of Public Finances\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rrz.sk\/#website\",\"url\":\"https:\/\/www.rrz.sk\/\",\"name\":\"Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165\",\"description\":\"Nez\u00e1visl\u00fd org\u00e1n monitorovania a hodnotenia v\u00fdvoja hospod\u00e1renia Slovenskej republiky\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rrz.sk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Long-term Sustainability Risk of Public Finances - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rrz.sk\/en\/fiscal-database\/long-term-sustainability-risk-public-finance\/","og_locale":"en_US","og_type":"article","og_title":"Long-term Sustainability Risk of Public Finances - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165","og_description":"Public finances are considered sustainable in the long term if public debt, without policy changes, remains below the upper limit of the debt brake in the coming decades. 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