Slovakia budget council sees 'lack of balance' under former govt

Despite good economic conditions, the former government failed to achieve a balanced budget, the Budgetary Responsibility Council said in its Assessment of the Implementation of the Balanced Budget Rule in 2019, which it released on Thursday. The body said that the former government failed to achieve its medium-term objective despite higher-than-planned revenues and lower interest rates on debts, as expenditures grew well above the framework of the budget plan. These developments and other measures significantly worsened the state of public finances at the time of the coronavirus crisis and made it more difficult for the country's economy to recover.