Slovakia reports lowest-ever deficit at 1.04 pc of GDP last year

Slovakia's public finance deficit amounted to 884.4 million euros last year, or 1.04 percent of gross domestic product (GDP), which was the lowest-ever deficit/GDP ratio to be reported by Slovakia, according to the state's final account for 2017 prepared by the Finance Ministry and approved by the Cabinet at its regular session on Wednesday. The Finance Ministry originally projected the public finance deficit at 1.29 percent of GDP. The average public finance deficit in the EU in 2017 was 1.0 percent of GDP.