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Reporting of Government deficits and debt levels by the Slovak Republic to the European Commission (Eurostat) as of 1st April 2019 for 2015 - 2019

Reporting of Government deficits and debt levels by the Slovak Republic to the European Commission (Eurostat) as of 1st April 2019 for 2015 - 2019

Last update: 23.07.2019
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: National accounts
Publish Date: 23.04.2019

In compliance with the Article 3 of the Council Regulation (EC) No. 479/2009 of 25th May 2009 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community, the Slovak Republic is obliged to report data on deficits and debt levels for the general government for the purpose of assessment of so called Maastricht criteria in the field of the budget.

For this purpose, the Slovak Republic compiles a report, which is delivered regularly two times a year to Eurostat. The report is submitted to Eurostat before 1st April, and updated data before 1st October of the calendar year.

Data on deficits and debt levels for the general government are compiled on the basis of accounting statements, additional documents and information on subjects classified in the general government sector.

The data for general government sector were compiled in accordance with the ESA 2010 methodology, with other methodical guidelines and recommendations of Eurostat relevant for the evaluation of deficit and debt for general government sector.


Deficit and debt levels for 2015 - 2019

in mill. EUR

  2015 2016 2017 2018 2019 (1)
Deficit -2 026,9 -1 804,7 -667,9 -629,5 0,0
Deficit as % of GDP -2,56% -2,22% -0,79% -0,70% 0,00%
Debt 41 295,0 42 053,2
43 231,1 44 144,5 43 968,0
Debt as % of GDP 52,18% 51,77% 50,95% 48,94% 45,38%
GDP 79 138,2 81 226,1 84 850,9 90 201,8 96 890,4

 

2015, 2016 - final data;     2017, 2018 - half-finalized data
(1)  Plan for 2019 was compiled by the Ministry of Finance of the Slovak Republic
(2) "M" - not applicable, data do not exist; "L" - data not available

 

For compilation of deficit and debt levels for 2015 - 2018 we used the most up-to date available information on units classified in general government sector and Eurostat recommendations. The value of accrual taxes and social contributions was updated for 2017 with small impact on deficit.

Data for 2018 were compiled from accounting statements data as well as other administrative source data. Deficit for 2018 reached value of -0,7% of GDP. However, when verifying recording of particular transactions. it is necessary to further investigate some expenditures of the general government sector in relation to their impact on deficit. The expenditure in question amount to approximately 0,3% of GDP. Analysis of these expenditures will be carried out in forthcoming period in cooperation with Eurostat. Results of the analysis will be implemented for the autumn EDP notification.



 


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