Slovakia: public finances

What is Slovakia's budget deficit?

Slovakia's general government deficit was 4.5% of GDP in 2025, down from 5.3% in 2024 and 5.3% in 2023, according to Eurostat's government finance data notified in April 2026. In 2022 the deficit was 1.6% of GDP.

These are figures for the whole of general government, including central and local government and social security funds, measured under EU national accounts rules. The Council for Budget Responsibility (RRZ) publishes independent assessments of the deficit and of Slovakia's compliance with its fiscal rules. The Ministry of Finance's 2027 budget plans a deficit of 4.94% of GDP.

Official sources: Eurostat: Government deficit/surplus and debt (gov_10dd_edpt1)

What is in Slovakia's 2027 budget?

The government approved a general government budget for 2027 to 2029 with a planned 2027 deficit of 4.94% of GDP, according to the Ministry of Finance (5 October 2026). Social spending is planned to be EUR 443 million higher than in 2026 and health spending EUR 429 million higher, with EUR 694 million of capital spending in health, mainly for building hospitals.

The budget also sets aside EUR 250 million for energy assistance, EUR 100 million for the national nuclear programme and EUR 100 million for drought measures. The ministry says it keeps the 13th pension. The draft goes to the National Council (parliament), and the Council for Budget Responsibility publishes its evaluation of budget proposals.

Official sources: Ministry of Finance: Government approved the 2027 budget

How big is Slovakia's public debt?

Slovakia's general government gross debt was 61.4% of GDP at the end of 2025, up from 59.7% in 2024 and 55.8% in 2023, according to Eurostat's government finance data. In 2022 the ratio was 57.8%.

Gross debt is measured under EU rules for the whole of general government, at face value. The debt ratio rises when the deficit is large relative to growth in nominal GDP. The Council for Budget Responsibility (RRZ) monitors debt against Slovakia's fiscal rules and publishes long-term sustainability reports, and the Debt and Liquidity Management Agency manages state borrowing.

Official sources: Eurostat: Government deficit/surplus and debt (gov_10dd_edpt1)

What is Slovakia's debt to GDP ratio?

In 2025, general government gross debt in Slovakia was 61.4% of GDP, according to the IMF. That is the highest since at least 2005. Across Europe & Central Asia the middle value was 46.9% of GDP, and Slovakia placed 15th highest of 51. Worldwide: 71st of 185.

What is Slovakia's fiscal deficit?

In 2025, general government net lending or borrowing in Slovakia was -4.5% of GDP, according to the IMF (a deficit). Since 2005 it has ranged from -8.2% of GDP (2009) to -1.0% of GDP (2017). Across Europe & Central Asia the middle value was -2.4% of GDP, and Slovakia placed 44th highest of 51. Of 188 countries with 2025 data, 138th highest.

What is Slovakia's government revenue?

The latest figure from the IMF, for 2025, is 43.5% of GDP. No year since 2005 has been higher. Europe & Central Asia median: 41.3% of GDP; Slovakia is 18th highest of 50. World rank, highest first: 29th of 187.

How big is Slovakia's government spending as a share of GDP?

The IMF puts general government spending in Slovakia at 47.9% of GDP in 2025. The peak was 48.4% of GDP in 2023 and the low 35.9% of GDP in 2007. Across Europe & Central Asia the middle value was 43.3% of GDP, and Slovakia placed 15th highest of 50. Of 186 countries with 2025 data, 26th highest.

What is Slovakia's tax to GDP ratio?

The latest figure from the IMF, for 2024, is 19.1% of GDP. Since 2005 it has ranged from 15.0% of GDP (2010) to 19.8% of GDP (2022). It is 25th highest of 42 in Europe & Central Asia, where the median is 20.8% of GDP. World rank, highest first: 39th of 92.

How much does Slovakia spend on its military?

According to SIPRI, military spending in Slovakia was 2.0% of GDP in 2025. No year since 2005 has been higher. It is 24th highest of 46 in Europe & Central Asia, where the median is 2.0% of GDP. World rank, highest first: 56th of 149.