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Budget Council Warns of Public Finance Risks

Slovak public finances remain in a state of high risk according to the Council for Budget Responsibility. The warning comes after three consolidation packages, after which the country according to experts still finds itself in the red. kultura.pravda.sk ↗

The Council warns that Slovakia cannot afford further delays in necessary measures. Public finances according to its assessment are entering a dangerous zone and the risk is further deterioration of the budgetary situation. Experts at the same time warn of a financial abyss and possible state failure if effective steps are not taken. ekonomika.sme.sk ↗

Criticism also concerns the approach of the government and parliament. The Budget Council sees errors in decisions that affect the state of public finances. At the same time it points out the poorer availability of information about their actual state, which may hinder control and the adoption of further measures.

The topic reaches the National Council of the SR at a time when further discussion about the state's budgetary policy is expected. Development will depend on whether political decisions can respond to the budget council's warnings and stabilize public finances without further delay.

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Location: Slovakia
Politics (General) 📍 slovensko 🏢 národná rada sr 🏢 rozpočtová rada 🏢 slovenské verejné financie