![](https://4liberty.eu/phidroav/2021/06/Jacob_Jordaens_-_The_Feast_of_the_Bean_King_-_Google_Art_Project-230x300.jpg)
Slovak Finances: Politicians’ Appetite Grows with Crises
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.