Investor Presentaiton

Structural Reforms for Long-Term Development 2ARDAL 2003 Agentúra pre riadenie dlhu a likvidity 2023 Dobi and Liquidity Management Agency The Slovak government remains committed and continues to implement structural reforms to boost competitiveness and quality of life for the country. EU Recovery and Resilience Plan Investment plans from 2021-2026 in Slovakia will focus on the following 5 key structural areas: Better education Healthy life Effective public administration and digitalization Green economy Competitive and innovative economy Slovakia is the fifth EU member state to be granted approval by the EC for its Recovery and Resilience Plan. Improving Tax Collection and Combating Tax Evasion VAT gap continued its downward trend in 2021 and closed the year at 12.1% It decreased further in 2022 due to these reasons: Increased amount of cashless payments in the sectors with the high VAT gap Introduction of online cash registers and online invoice system to be introduced soon Value for Money (VfM) Initiative Government initiative to raise public spending efficiency (started in 2016) Compulsory spending reviews of at least 50% of government expenditures within the electoral cycle Reinforced the Ministry of Finance mandate in 2020: Strengthening the role of the VfM Unit in the investment process and managing the investment centralized budget Efficiency check of investment projects exceeding € 1mn Strengthened fiscal framework Multi-annual expenditure ceilings as a new operational fiscal rule (approved and fully implemented since 2024) Refinements of Constitutional Act on Fiscal Responsibility (under political discussion) • • Recalibrations of debt thresholds, escape clauses, and respective sanctions Net debt basis to provide flexible liquidity management Stronger emphasis on analytical input into the budgetary process (under discussion) キ 22

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