Fiscal Balance in Slovakia

Slovakia Fiscal Balance | Economic News & Forecasts

Slovakia - Fiscal Balance

The economy appears to have taken a hit toward the end of the first quarter, with worse likely to come in Q2, due to Covid-19 and its associated containment measures. Consumer confidence nosedived to the lowest level since April 2009, while sentiment in the industrial sector plunged to record lows in the same month amid falling production and deteriorating export expectations. Meanwhile, in mid-April the government announced additional relief measures of about EUR 220 million per month on top of the initial fiscal package of roughly EUR 1.5 billion monthly put forward at the end of March. The new measures aim to support the maintenance of employment and include the introduction of a short-term work scheme, which will pay up to 80% of employees' wages to firms that have had to cancel operations. In other news, on 22 April, small shops and outdoor markets were allowed to reopen, marking the first step in restarting the economy.

Slovakia - Fiscal Balance Data

2014   2015   2016   2017   2018  
Fiscal Balance (% of GDP)-2.7  -2.7  -2.5  -1.0  -1.1  

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Slovakia Facts

Value Change Date
Bond Yield0.13-4.12 %Dec 31
Exchange Rate1.120.65 %Dec 31

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