RRZ: Slovakia will emerge from crisis with record debt

Slovakia will come out of the coronavirus crisis with a record level of debt, as previous governments did not adhere to budgetary targets during good times, the Budgetary Responsibility Council (RRZ) has said on social media, adding that the governments in question had failed to prepare the debt for a period of crisis. RRZ stressed that the pandemic had brought recession and debt growth along with it. "Each economic crisis writes out a bill for how public finances were managed during good times," it said, pointing to the period from 2013 up to 2020 as one such sunnier period.