Slovakia - Public finance

Since the dissolution of Czechoslovakia, the Slovak government has implemented several measures to compensate for the large loss of fiscal transfers it received from the Federation, which were equivalent to between Sk 20–25 billion in 1992. The Slovak government's initial budget was balanced at the beginning of 1992, with revenues and expenditures equivalent to Sk 159 billion. Since that time, however, Slovakia's budget has fallen into deficit. Privatization efforts have been successful, attracting a large amount of foreign direct investment (FDI).

The US Central Intelligence Agency (CIA) estimates that in 1999 Slovakia's central government took in revenues of approximately $5.2 billion and had expenditures of $5.6 billion. Overall, the government registered a deficit of approximately $400 million. External debt totaled $9.6 billion.

The following table shows an itemized breakdown of government revenues and expenditures. The percentages were calculated from data reported by the International Monetary Fund. The dollar amounts (millions) are based on the CIA estimates provided above.


Tax revenue 88.1% 4,583
Non-tax revenue 11.1% 576
Capital revenue 0.7% 38
Grants 0.1% 3
EXPENDITURES 100.0% 5,600
General public services 7.6% 426
Defense 4.2% 236
Public order and safety 4.1% 231
Education 9.4% 526
Health 17.9% 1,003
Social security 30.3% 1,697
Housing and community amenities 1.6% 90
Recreation, cultural, and religious affairs 1.7% 98
Economic affairs and services 15.4% 865
Other expenditures -0.2% -14
Interest payments 7.9% 443
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