VUB's Market Share and Financial Services
FISCALLY, SLOVAKIA IS IN A GOOD SHAPE...
Slovakia meets Maastricht criteria:
→in 2018 Deficit to GDP ratio was 0.7%
while Debt to GDP was 48.9%
180.0%
160.0%
140.0%
→ in 2019 government targets a balanced
budget
120.0%
100.0%
80.0%
60.0%
40.0%
Public debt in comparison
(% GDP, as of 2018)
48.9%
80.0%
→ Beyond EU requirements, in 2011 Slovakia
adopted a constitutional law preventing debt to
breach 60% of GDP and established an
independent fiscal watchdog
Public deficit development
1.0%
0.0%
-1.0%
-2.0%
-3.0%
-2.8%
-4.0%
-5.0%
-6.0%
-5.8%
-7.0%
-8.0%
2005
-2.4%
-4.4%
(% GDP)
IL
-0.8%-0.7%
-2.2%.
-2.7% 2.7%-2.6%
20.0%
0.0%
Estonia ☐
Bulgaria
Luxembourg
Czechia
60.0%
0.0%
55.0%
50.0%
45.0%
40.0%
34.1%
35.0%
30.0%
25.0%
20.0%
2006
2007
2008
2009
2010
-7.5%
-4.3%-4.3%
2011
2012
2013
2014
2015
2016
2017
2018
Source: Eurostat, MinFin SR
2019F*
2005
2006
2007
31.0% 30.1%
28.5%
Latvia
Malta
Sweden
Denmark
Lithuania
Romania
Poland
Slovakia
Netherlands
Finland
Germany
Ireland
Slovenia
Hungary
Austria
EU
Croatia
Euro area (19)
UK
Spain
France
Public debt development
(% GDP)
52.2%
54.7% 53.5% 2.2%51.8%50.9%
43.7%
41.2%
36.3%
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019F*
80
48.9%
45.4%
Belgium
Cyprus
Portugal
Italy
GreeceView entire presentation