Slovakia Approves 2027 Budget With Wider Deficit
Slovak lawmakers narrowly approved a 2027 election-year budget that widens the deficit to 4.94 percent of gross domestic product. The spending plan ends consolidation efforts and drew criticism from the fiscal watchdog over rising debt risks.
Slovakia's parliament approved a 2027 budget widening the deficit to 4.94% of GDP, ending fiscal consolidation in an election year. The vote tests Prime Minister Robert Fico's coalition as the country abandons EU limits capping deficits at 3% of GDP. The wider deficit risks accelerating debt in the coming years, according to the national fiscal watchdog.
