Investor Presentaiton
Prudent Fiscal Policy to be Reintroduced in 2024
24RDAL
2003 Agentúra pre riadenie dlhu a likvidity
2023 Dobi and Liquidity Management Agency
✓ After outbreak of COVID-19 pandemic in 2020, Slovakia ran a lower deficit comparing to peer countries
However COVID-19 deteriorated budget deficits in period 2020-2022 particularly by economic downturn and fiscal
stimulus of around 6% of GDP cumulatively
Second shock came with conflict in Ukraine and energy crisis, expecting energy one-off stimulus in 2023 (2.5% of GDP)
with deficit at 6.4% of GDP
In 2023 the Parliament approved expenditure ceilings for 2023-2025, reflecting space for one-off energy measures
in 2023, ceilings will require fiscal adjustment as from 2024
General Government Balance
% of GDP
0,0
-2,0
-4,0
-6,0
-8,0
■ Euro Area
-10,0
2009 2010 2011 2012 2013
EU Government budget deficit rule (-3% of GDP)
■Belgium
Finland ◆ Slovakia
2014 2015 2016 2017 2018 2019 2020 2021 2022F 2023F
キ
23
Source: Eurostat, EC Autumn forecast 2022View entire presentation