{"id":34017,"date":"2026-07-31T09:08:14","date_gmt":"2026-07-31T07:08:14","guid":{"rendered":"https:\/\/www.rrz.sk\/?p=34017"},"modified":"2026-07-31T09:08:14","modified_gmt":"2026-07-31T07:08:14","slug":"budgetary-traffic-light-2026-07","status":"publish","type":"post","link":"https:\/\/www.rrz.sk\/en\/budgetary-traffic-light-2026-07\/","title":{"rendered":"The estimated deficit for 2026 remains almost unchanged; the budget target may be exceeded by 0.3 % of GDP (EUR 389 million) (Budgetary Traffic Light July 2026)"},"content":{"rendered":"<p>Council for Budget Responsibility (CBR) estimates the 2026 general government (GG) deficit at 4.4 % of GDP<img loading=\"lazy\" decoding=\"async\" width=\"842\" height=\"302\" class=\"alignnone size-full wp-image-34019\" src=\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2026\/07\/rs_202607_banner_EN.png\" alt=\"\" srcset=\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2026\/07\/rs_202607_banner_EN.png 842w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2026\/07\/rs_202607_banner_EN-300x108.png 300w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2026\/07\/rs_202607_banner_EN-768x275.png 768w, https:\/\/www.rrz.sk\/wp-content\/uploads\/2026\/07\/rs_202607_banner_EN-480x172.png 480w\" sizes=\"auto, (max-width: 842px) 100vw, 842px\" \/><\/p>\n<ul>\n<li>CBR has slightly increased its estimate of the 2026 GG deficit. Compared with the June forecast, the expected deficit has slightly increased by EUR 27 million mainly due to faster-than-expected spending of state budget current expenditures.<\/li>\n<li><strong>According to the CBR, the 2026 deficit could reach 4.4 % of GDP (EUR 6.2 billion)<\/strong>, if the government does not adopt additional measures. <strong>This represents a negative deviation of 0.3 % of GDP (EUR 389 million) from the approved budget amounts,<\/strong> indicating a medium level of risk that the public deficit will exceed the government\u2019s objective.<\/li>\n<li>Compared to the government&#8217;s estimate published in the Annual Progress Report 2026 for Slovakia, the level of the CBR deficit forecast is almost identical (a difference is EUR 33 million).<\/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 0.3 % of GDP (EUR 437 million),<\/strong> mainly due to lower-than-expected CIT and VAT. The CIT shortfall is due to unexpected decline in the 2025 revenue, based on the corporate tax returns submitted to date. On the other hand, slower growth in household consumption than assumed in the budget is expected to reduce VAT revenue.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Council for Budget Responsibility (CBR) estimates the 2026 general government (GG) deficit at 4.4 % of GDP CBR has slightly increased its estimate of the 2026 GG deficit. Compared with the June forecast, the expected deficit has slightly increased by EUR 27 million mainly due to faster-than-expected spending of state budget current expenditures. According to [&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-34017","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 estimated deficit for 2026 remains almost unchanged; the budget target may be exceeded by 0.3 % of GDP (EUR 389 million) (Budgetary Traffic Light July 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-2026-07\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The estimated deficit for 2026 remains almost unchanged; the budget target may be exceeded by 0.3 % of GDP (EUR 389 million) (Budgetary Traffic Light July 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 4.4 % of GDP CBR has slightly increased its estimate of the 2026 GG deficit. Compared with the June forecast, the expected deficit has slightly increased by EUR 27 million mainly due to faster-than-expected spending of state budget current expenditures. 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