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Jacob_Jordaens_-_The_Feast_of_the_Bean_King_-_Google_Art_Project
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.

Alphonse_Osbert_-_La_Solitude_du_Christ
Economy

With Kurzarbeit for Large Debts in Slovakia

Radovan Durana and INESS/April 12, 2020April 14, 2020 /Leave a comment

Slovak large-scale employers want the highest possible wage compensation, looking up to the German or Austrian Kurzarbeit system, which covers up to 85% of wage costs. Journalists and some economists argue that we should borrow as much as we can.

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