{"id":30098,"date":"2025-05-30T14:46:32","date_gmt":"2025-05-30T12:46:32","guid":{"rendered":"https:\/\/www.rrz.sk\/?p=30098"},"modified":"2025-05-30T14:46:32","modified_gmt":"2025-05-30T12:46:32","slug":"budgetary-traffic-light-2025-05","status":"publish","type":"post","link":"https:\/\/www.rrz.sk\/en\/budgetary-traffic-light-2025-05\/","title":{"rendered":"The deficit estimate for 2025 is mainly increased by newly adopted government measures, the budget target remains exceeded by 0.3 % of GDP (EUR 379 million) (Budgetary Traffic Light May 2025)"},"content":{"rendered":"<p>Council for Budget Responsibility (CBR) estimates the 2025 general government (GG) deficit at 5.0 % of GDP<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1058\" height=\"385\" class=\"alignnone size-full wp-image-30099\" src=\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2025\/05\/rs_202505_banner_EN.png\" alt=\"\" srcset=\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2025\/05\/rs_202505_banner_EN.png 1058w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2025\/05\/rs_202505_banner_EN-300x109.png 300w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2025\/05\/rs_202505_banner_EN-1024x373.png 1024w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2025\/05\/rs_202505_banner_EN-768x279.png 768w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2025\/05\/rs_202505_banner_EN-480x175.png 480w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2025\/05\/rs_202505_banner_EN-992x361.png 992w\" sizes=\"auto, (max-width: 1058px) 100vw, 1058px\" \/><\/p>\n<ul>\n<li>CBR has increased the estimated level of GG deficit for 2025. Month-to-month increase of the GG deficit level is mainly due to costs of the newly approved construction of a new hospital and higher interest costs.<\/li>\n<li><strong>According to the CBR, the deficit can reach the level of 5.0 % of GDP (EUR 6.9 bn.)<\/strong>, under the assumption that the government does not take additional measures. <strong>Negative deviation from the approved budget amounts to 0.3 % of GDP (EUR 379 million)<\/strong>, which means the medium-level risk of the public deficit level exceeding the government objective.<\/li>\n<li>Compared to the government&#8217;s estimate published in the Annual Progress Report 2025 for Slovakia, the level of the CBR deficit forecast is higher by 0.1 % of GDP (EUR 150 million) mainly due to higher expected state budget capital expenditure spending.<\/li>\n<li>The most significant negative deviation in the CBR forecast compared to the budget comes from a lower tax income and social and healthcare contributions, mainly due to a lower income from VAT and CIT.<\/li>\n<li>As a part of the budgetary traffic light, CBR also estimates the fulfillment of the nominal public expenditure ceiling approved in the budget. According to the CBR, the estimated public expenditure can reach EUR 61.3 bn., so <strong>the expenditure ceiling approved by the parliament would be exceeded by EUR 0.2 bn<\/strong>. The expected deviation represents a medium risk of not meeting this target.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Council for Budget Responsibility (CBR) estimates the 2025 general government (GG) deficit at 5.0 % of GDP CBR has increased the estimated level of GG deficit for 2025. Month-to-month increase of the GG deficit level is mainly due to costs of the newly approved construction of a new hospital and higher interest costs. According to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"h5ap_radio_sources":[],"footnotes":""},"categories":[136,135,144,158],"tags":[117,116,219],"class_list":["post-30098","post","type-post","status-publish","format-standard","hentry","category-budget","category-fiscal","category-issued-2022","category-publications","tag-budgetary-traffic-lights","tag-fiscal-forecasts","tag-general-government-budget"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The deficit estimate for 2025 is mainly increased by newly adopted government measures, the budget target remains exceeded by 0.3 % of GDP (EUR 379 million) (Budgetary Traffic Light May 2025) - 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\/budgetary-traffic-light-2025-05\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The deficit estimate for 2025 is mainly increased by newly adopted government measures, the budget target remains exceeded by 0.3 % of GDP (EUR 379 million) (Budgetary Traffic Light May 2025) - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165\" \/>\n<meta property=\"og:description\" content=\"Council for Budget Responsibility (CBR) estimates the 2025 general government (GG) deficit at 5.0 % of GDP CBR has increased the estimated level of GG deficit for 2025. Month-to-month increase of the GG deficit level is mainly due to costs of the newly approved construction of a new hospital and higher interest costs. 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