Investor Presentaiton
Prudent Fiscal Policy to be Reintroduced in 2023
ARDAL
Between 2009 and 2019 Slovakia successfully reduced the government deficit by over 6% of GDP
COVID-19 pandemic deteriorated public finance (higher deficits 2020 - 2022 reflected particularly economic downturn
and fiscal stimulus of around 6% of GDP)
✓ the Government is introducing expenditure ceilings in 2023 expecting headline deficit to return closer to 3% of GDP
% of GDP
0.0
General Government balance
-1.0
-2.0
-3.0
EU Government budget deficit rule (-3% of GDP)
-4.0
-5.0
-6.0
-7.0
-8.0
-9.0
-10.0
2009 2010 2011 2012 2013 2014
■Slovakia
■Belgium
2015 2016 2017 2018 2019 2020 2021 2022F 2023F
Euro Area
Finland
25
Source: Eurostat, EC Spring forecast 2022View entire presentation