Slovakia faces fiscal crunch; next government must consolidate, 2028 hardest

Tatrabanka chief economist Juraj Valachy warns that Slovakia's draft state budget shows previous consolidation efforts failed, and the next government will be forced to implement serious fiscal adjustments. He cautions that opposition promises of tax cuts are unaffordable early in the electoral term, with 2028 projected as the most difficult year. This signals persistent fiscal strain and potential market implications for Slovak sovereign risk.