Slovakia approves 2027 budget with projected 4.94% GDP deficit

Slovak state budget public deficit fiscal consolidation transaction tax economic forecast

The Slovak government has approved the public administration budget for 2027–2029, projecting a deficit of 4.94% of GDP for 2027. While Prime Minister Robert Fico described the budget as a stabilizing measure that avoids new taxes and adheres to EU fiscal rules, opposition leaders have criticized it as a budget of stagnation.

Opposition figures, including Michal Šimečka and Viliam Karas, expressed concerns regarding the rising deficit and the potential for economic decline. Former minister Tomáš Taraba has called for radical cuts, including the abolition of certain ministries, and criticized the decision to delay the repeal of the transaction tax until late 2027, suggesting it serves partisan interests rather than fiscal health.

Economically, Slovakia's GDP growth is forecasted to accelerate to 1.8% in 2027, outperforming the Eurozone average. The budget includes 250 million euros for energy price compensation and 100 million euros for climate and drought measures. Despite the projected deficit, the government aims for gradual consolidation to reach a 4% deficit by 2029.

Entities

Allianz · European Commission · Ludovic Subran · Michal Šimečka · Ministry of Finance of the Slovak Republic · National Council of the Slovak Republic · Robert Fico · Slovakia · Slovenia · Tomáš Taraba

Claims

What the coverage asserts, and how many sources carry each claim.

[● 4 SOURCES] The public finance deficit is projected to reach 4.94% of GDP in 2027. www.aktuality.sk · www.techbyte.sk · www1.pluska.sk · www.info.sk
[● 2 SOURCES] The transaction tax is set to be abolished by December 31, 2027. www.techbyte.sk · hnonline.sk
[● 3 SOURCES] The budget allocates 100 million euros for measures against drought and climate change impacts. www1.pluska.sk · www.info.sk · www.hlavnespravy.sk
[● 3 SOURCES] The budget includes 250 million euros for energy price compensation measures in 2027. www.aktuality.sk · www1.pluska.sk · www.info.sk
[○ 1 SOURCE] The budget includes funds for the continued construction of new hospitals in Martin and Banská Bystrica.
[● 3 SOURCES] The transaction tax was introduced as a temporary measure to consolidate public finances. koktejl.azet.sk · felvidek.ma · www.topky.sk
[○ 1 SOURCE] The state must find a replacement for approximately 400 million euros annually currently collected from the transaction tax. www.techbyte.sk
[● 2 SOURCES] Slovakia faces the risk of bankruptcy due to current economic management. koktejl.azet.sk · www.topky.sk