{"id":31480,"date":"2025-10-31T09:06:16","date_gmt":"2025-10-31T08:06:16","guid":{"rendered":"https:\/\/www.rrz.sk\/?p=31480"},"modified":"2026-09-22T10:00:35","modified_gmt":"2026-09-22T08:00:35","slug":"budgetary-traffic-light-2025-10","status":"publish","type":"post","link":"https:\/\/www.rrz.sk\/en\/budgetary-traffic-light-2025-10\/","title":{"rendered":"Higher energy compensations increased the 2025 deficit estimate to 5.1 % of GDP, the budget target remains exceeded by 0.4 % of GDP (EUR 469 mil.) (Budgetary Traffic Light October 2025)"},"content":{"rendered":"<p>Council for Budget Responsibility (CBR) estimates the 2025 general government (GG) deficit at 5.1 % of GDP<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"840\" height=\"302\" class=\"alignnone size-full wp-image-31484\" src=\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2025\/10\/rs_202510_banner_EN.png\" alt=\"\" srcset=\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2025\/10\/rs_202510_banner_EN.png 840w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2025\/10\/rs_202510_banner_EN-300x108.png 300w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2025\/10\/rs_202510_banner_EN-768x276.png 768w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2025\/10\/rs_202510_banner_EN-480x173.png 480w\" sizes=\"auto, (max-width: 840px) 100vw, 840px\" \/><\/p>\n<ul>\n<li>CBR has slightly increased the estimated level of GG deficit for 2025. Month-to-month increase of the GG deficit level is mainly due to higher estimated energy compensations.<\/li>\n<li><strong>According to the CBR, the deficit can reach the level of 5.1 % of GDP (EUR 6.9 bn.). Negative deviation from the approved budget amounts to 0.4 % of GDP (EUR 469 million)<\/strong>, which means the medium-level risk of the public deficit level exceeding the government objective. The increase in the deviation from targets set by the government in % of GDP is, in addition to the slightly higher nominal deficit, mainly caused by the reduction of nominal GDP as part of the revision of data for previous years by the Statistical Office of the Slovak Republic.<\/li>\n<li>Compared to the government&#8217;s estimate published in the approved budget for years 2026 to 2028, the level of the CBR deficit forecast is higher by 0.1 % of GDP.<\/li>\n<li>The most significant negative deviation in the CBR forecast compared to the budget comes from lower tax revenue and social 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 60.7 bn., so <strong>the expenditure ceiling approved by the parliament would not be exceeded<\/strong>. The risk of not meeting budget targets arises mainly from the shortfall on the revenue side of the budget.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Council for Budget Responsibility (CBR) estimates the 2025 general government (GG) deficit at 5.1 % of GDP CBR has slightly increased the estimated level of GG deficit for 2025. Month-to-month increase of the GG deficit level is mainly due to higher estimated energy compensations. According to the CBR, the deficit can reach the level of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","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-31480","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>Higher energy compensations increased the 2025 deficit estimate to 5.1 % of GDP, the budget target remains exceeded by 0.4 % of GDP (EUR 469 mil.) (Budgetary Traffic Light October 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-2025-10\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Higher energy compensations increased the 2025 deficit estimate to 5.1 % of GDP, the budget target remains exceeded by 0.4 % of GDP (EUR 469 mil.) (Budgetary Traffic Light October 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 5.1 % of GDP CBR has slightly increased the estimated level of GG deficit for 2025. Month-to-month increase of the GG deficit level is mainly due to higher estimated energy compensations. According to the CBR, the deficit can reach the level of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rrz.sk\/en\/budgetary-traffic-light-2025-10\/\" \/>\n<meta property=\"og:site_name\" content=\"Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-31T08:06:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-22T08:00:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2025\/10\/rs_202510_banner_EN.png\" \/>\n\t<meta property=\"og:image:width\" content=\"840\" \/>\n\t<meta property=\"og:image:height\" content=\"302\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kubik\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kubik\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rrz.sk\/en\/budgetary-traffic-light-2025-10\/\",\"url\":\"https:\/\/www.rrz.sk\/en\/budgetary-traffic-light-2025-10\/\",\"name\":\"Higher energy compensations increased the 2025 deficit estimate to 5.1 % of GDP, the budget target remains exceeded by 0.4 % of GDP (EUR 469 mil.) 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