Slovakia, together with Austria, is indebted the fastest in the whole European Union (EU). In the first three months of this year, the public debt of Slovakia jumped by 3.5 % of the gross domestic product (GDP) or more than EUR 5 billion compared to the last quarter of last year.
Although Finance Minister Ladislav Kamenický (Smer-SD) says that consolidation can slow the debt of the Slovak Republic with the prospect of its stopping at the end of the term of office of the current government, all circumstances indicate that spiral debt will revolve further. The opposition KDH warned on Friday.
The movement recalled that, for example, through increased value added tax rates (VAT), the government planned to withdraw three quarters of billions of euros this year, but maybe only a third of it may be. “It turns out that the government will not be able to collect taxes it will draw itself from the table. We have been repeating this since the admission of Robert Fico’s government, especially since last September, when the government has submitted an unacceptable proposal of the current consolidation package,” emphasized KDH.
According to the movement, this development causes the need for further consolidation measures, which will ultimately be borne by no one other than a citizen. The Council for Budgetary Responsibility (CRZ) estimates them next year in the amount of EUR 2 billion with a continuation of similar steps until the end of the government’s term of office.
“Minister Kamenický, when you will publicly perform, admit that you are failing and introducing measures to remedy? You promised to come up with the suggestions in the spring. We are in the middle of summer and still nothing. If you do as before, the gross indebtedness of Slovakia will continue to grow sharply and in the standard election In 2027, according to the CRZ, it will exceed EUR 100 billion for the first time in Slovakia’s history, ” noted by the Member of the National Council (NR) of the Slovak Republic and KDH expert on the economy Joseph haiku. According to him, it is a “clear way to bankruptcy” with all the consequences on the population and their social standard.
The movement therefore repeatedly calls on the government to finally start saving on herself and not throwing away unnecessary money. “We are also expecting that the government will start to properly collect taxes and, last but not least, the income of measures that will start investment and economic activity in Slovakia and which KDH introduced it a year ago,” has supplied the movement.
