Wall Street sales will launch a dangerous spiral
Moody’s Ratings reduced the US credit rating, as there are doubts about the sustainability of US debt. Long -term government bond revenues climbed to the psychological threshold of five percent and the dollar came under pressure. The reduction of ratings from the highest AAA AA1 was immediately caused by US assets sales. “Federal expenditure remains […]
Increasing taxes brought a slight decline in deficit
Despite the ongoing consolidation of public finances, the results of the current government are very bland. This is confirmed by the data of the European Statistical Office (Eurostat), according to which the public finance deficit of Slovakia in 2024 increased by one tenth of the percentage point and reached 5.3 percent of the gross domestic […]
The debt brake is stuck and a balanced budget comes
For the fifth consecutive year, the amount of public debt has exceeded all five debt brake zones, which range from 43 to 53 percent of GDP. Nevertheless, it is likely that the Slovak public debt this year will exceed 60 percent of GDP. The new government is protected from strict debt brake sanctions during the […]
Up to a billion euros is to cost the subsidizing prices of gas and heat
The Slovak government is facing a difficult role to reduce the public finance deficit to three percent. This goal is particularly demanding due to the space distribution. The Budgetary Responsibility Council warns that subsidizing gas and heat prices may cost up to one billion euros over the next two years. This cargo is the result […]