Investor Presentaiton

General government expenditures 2008 GG Expenditures (% of GDP), Peer Comparison Slovakia General Government Expenditures (% of GDP) 53,7% 60,0% 60,0% 49,0% 50,9% 48,6% 50,0% 47,8% 45,8% 45,0% 44,5% 50,0% 40,1% 38,2% 40,0% 37,6% 36,9% 34,9% 34,4% 40,0% 30,0% 30,0% 49,8% 20,0% 20,0% 42,4% 43,1% 34,9% 10,0% 10,0% 0,0% 0,0% 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Slovakia Czech Rep. Hungary Poland Source: Eurostat + Fiscal consolidation after 2002 - driven by decrease in expenditures + Key sources: interest payments, state benefits and social assistance + Lowest redistribution among V4 countries H 24 24

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