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[BUSINESS] · Slovakia · 13 sources

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Slovakia faces rising debt concerns over 2027 budget proposal

Slovakia's proposed 2027 state budget has sparked intense political debate and warnings from economic experts. The government's plan projects a deficit of 4.94 percent of GDP, amounting to approximately 7.4 billion euros. While Finance Minister Ladislav Kamenický defends the budget as a means to maintain social benefits and prevent even higher debt levels by 2040, the Fiscal Responsibility Council (RRZ) warns that the proposal does not stop the country's increasing debt trajectory.

The RRZ projects that gross debt will rise from 61.4 percent of GDP in 2025 to 71.8 percent by 2029. Experts suggest that additional measures totaling roughly 3.5 billion euros may be required to stabilize the fiscal position and create a sufficient buffer for unexpected crises.

In the healthcare sector, hospitals are facing a severe debt crisis, with liabilities exceeding 1.5 billion euros. The Ministry of Health is preparing a debt-relief package of approximately 1.578 billion euros, expected in the first half of 2027. However, medical associations warn that without systemic reforms, these bailouts will only provide temporary relief as new debts continue to accumulate.

Entities

Association of Hospitals of Slovakia · Association of State Hospitals · Council for Budget Responsibility · Fiscal Responsibility Council · Gábor Grendel · Ladislav Kamenický · Michal Šimečka · Ministry of Health of Slovakia · Robert Fico · Slovakia · Vladimíra Marcinková

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