Slovak gov’t projects 2027 budget deficit at 4.94 pct of GDP-Xinhua
BRATISLAVA, Oct. 5 (Xinhua) -- Slovakia's government expects the general government deficit to reach 4.94 percent of gross domestic product (GDP) in 2027, according to a draft budget plan approved on Monday. General government revenues are expected to reach 63.34 billion euros (70.88 billion U.S. dollars) in 2027, while expenditures are projected at 70.79 billion euros (79.22 billion dollars), leaving a deficit of 7.44 billion euros (8.32 billion dollars). According to the News Agency of the Slovak Republic, the projected deficit for 2027 is higher than the 4.37 percent of GDP currently expected for 2026. The 2026 budget had initially targeted a deficit of 4.1 percent of GDP. The draft budget also includes 250 million euros (279.77 million dollars) to help offset high energy prices i...