Slovakia meets fiscal rules despite growing deficit, budget council warns against stability illusion

Slovakia is technically complying with its fiscal rules even as the country's budget deficit continues to grow, according to the Budget Responsibility Council. The council warned that the current fiscal framework creates an illusion of stability while underlying financial conditions deteriorate. The Budget Responsibility Council, an independent body that monitors Slovakia's public finances and fiscal policy compliance, criticized the existing fiscal rules as too lenient for the country's economic situation. The warning highlights concerns about Slovakia's long-term fiscal sustainability despite meeting formal budget requirements under current regulations.