Brussels/Bratislava – The Eurogroup and Ecofin have greenlighted the draft budget for the Slovak Republic for 2025, recognizing it as one of the top eight budgets submitted for evaluation by EU member states. This announcement was made by Slovak Finance Minister Ladislav Kamenický (Smer-SD) in Brussels following two days of discussions among finance ministers from the eurozone and the EU, as reported by TASR’s correspondent.
Kamenický clarified that the 2025 Slovak budget was approved at both the Eurogroup and Ecofin levels, which oversee the financial policies of eurozone and EU countries, respectively.
Valdis Dombrovskis, the Commissioner for Economy and Productivity, represented the European Commission at the Eurogroup discussions, while Ecofin saw participation from six Eurocommission representatives, including Budget Commissioner Piotr Serafin.
The minister emphasized the significance of this recognition, stating, “This budget has been evaluated as indeed one of the best within the European Union, which is very important for us. We need to restore public finances.”
Kamenický warned that without appropriate measures, Slovakia’s debt could escalate to 109 billion euros, approximately 74.1% of GDP, potentially jeopardizing the nation’s financial autonomy and forcing it into a debt dependency on creditors. He remarked, “We want the Slovak Republic to be a sovereign and independent country, to manage our own affairs. Therefore, it is crucial that we maintain the confidence of the financial markets, and that our ratings are confirmed, which is encouraging news for Slovakia.” (December 10)
“This budget has been evaluated as indeed one of the best within the European Union.” Ladislav Kamenický
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