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Economy

Slovak Finances: Politicians’ Appetite Grows with Crises

Radovan Durana and INESS/June 2, 2021June 2, 2021 /Leave a comment

Some respected economists identified the issue of consolidation in public budget already in 2022 as a third-order problem. From an analytical point of view, he is, of course, right. A one-year deficit of 10% of GDP is nothing compared to a permanent two to five per cent deficit in the pension system with a declining workforce.

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