Structural Reforms For Long-Term Development

Favorable Debt Position % of GDP ARDAL Strong commitment to keep public debt below 50% of GDP "debt brake" (well below euro area average) Fiscal responsibility act (national debt brake) has became stricter from 2018: ✓ debt level expected to leave the sanction thresholds in 2018 at the level of 48.8% of GDP ✓ by 2028 the lowest threshold of the debt break will fall to 40% of GDP Slovakia 110 100 90 80 Finland Euro area Belgium Maastricht limit ⚫SK debt break 1st lower limit 70 60 50 40 30 20 10 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018e 2019e 2020e Source: Eurostat, EC autumn forecast 2018 キ 19

View entire presentation