{"id":32428,"date":"2026-02-27T12:50:21","date_gmt":"2026-02-27T11:50:21","guid":{"rendered":"https:\/\/www.rrz.sk\/?p=32428"},"modified":"2026-02-27T12:50:21","modified_gmt":"2026-02-27T11:50:21","slug":"budgetary-traffic-light-2026-02","status":"publish","type":"post","link":"https:\/\/www.rrz.sk\/en\/budgetary-traffic-light-2026-02\/","title":{"rendered":"The tax shortfall increases the estimated deficit to EUR 6.4 bn., the budget target can be exceeded by 0.4 % of GDP (EUR 565 million) (Budgetary Traffic Light February 2026)"},"content":{"rendered":"<p>Council for Budget Responsibility (CBR) estimates the 2026 general government (GG) deficit at 4.5 % of GDP<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"783\" height=\"282\" class=\"alignnone size-full wp-image-32429\" src=\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2026\/02\/rs_202602_banner_EN.png\" alt=\"\" srcset=\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2026\/02\/rs_202602_banner_EN.png 783w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2026\/02\/rs_202602_banner_EN-300x108.png 300w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2026\/02\/rs_202602_banner_EN-768x277.png 768w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2026\/02\/rs_202602_banner_EN-480x173.png 480w\" sizes=\"auto, (max-width: 783px) 100vw, 783px\" \/><\/p>\n<ul>\n<li>CBR has increased the estimated level of GG deficit in 2026. Compared with the January forecast, the deficit has risen by EUR 186 million mainly due to lower estimated tax revenues.<\/li>\n<li><strong>According to the CBR, the 2026 deficit can reach the level of 4.5 % of GDP (EUR 6.4 bn.)<\/strong>, under the assumption that the government does not take additional measures. <strong>Negative deviation from the approved budget amounts to 0.4 % of GDP (EUR 565 million)<\/strong>, which means the medium-level risk of the public deficit level exceeding the government objective.<\/li>\n<li><strong>The most significant negative deviation in the CBR forecast compared to the budget is the shortfall in taxes and social and healthcare contributions amounting to 0.5 % of GDP (EUR 766 million)<\/strong>, mainly due to lower-than-expected VAT and labor taxes. The shortfall compared to the budget is mainly caused by less favorable economic development than was originally assumed in the budget, the slower growth is estimated for household consumption and nominal wages.<\/li>\n<li>The CBR identifies additional risks compared to the budget in the worse financial performance of local governments caused by additional expenditures associated with the municipal election year, as well as in higher healthcare spending due to the expected failure to fully implement the declared savings measures.<\/li>\n<li>On the other hand, the most significant positive impact on the GG balance compared to the budget comes from the better financial performance of other GG entities, mainly public universities and public transport companies.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Council for Budget Responsibility (CBR) estimates the 2026 general government (GG) deficit at 4.5 % of GDP CBR has increased the estimated level of GG deficit in 2026. Compared with the January forecast, the deficit has risen by EUR 186 million mainly due to lower estimated tax revenues. According to the CBR, the 2026 deficit [&hellip;]<\/p>\n","protected":false},"author":16,"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-32428","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 tax shortfall increases the estimated deficit to EUR 6.4 bn., the budget target can be exceeded by 0.4 % of GDP (EUR 565 million) (Budgetary Traffic Light February 2026) - 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-2026-02\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The tax shortfall increases the estimated deficit to EUR 6.4 bn., the budget target can be exceeded by 0.4 % of GDP (EUR 565 million) (Budgetary Traffic Light February 2026) - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165\" \/>\n<meta property=\"og:description\" content=\"Council for Budget Responsibility (CBR) estimates the 2026 general government (GG) deficit at 4.5 % of GDP CBR has increased the estimated level of GG deficit in 2026. Compared with the January forecast, the deficit has risen by EUR 186 million mainly due to lower estimated tax revenues. 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