October 23, 2021

Beyond Going Long

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Matovic and Heger reveal the details of the state budget

With one comment, the government approved the draft state budget for the next year and the general budget for the next three years. According to Finance Minister Igor Matovich, the final form of the budget is conditional on the approval of many laws, in particular on pension reform, spending ceilings and debt curbs. If it is not approved by the coalition and it is not approved, the budget deficit will not be 4.94% of GDP, but 4.3% of GDP.

The draft budget also states that next year the Slovak government will manage a total revenue of nearly 20 billion euros. The state plans to make maximum profit from taxes on the sale of goods and services, which will bring almost 11 billion euros into the budget. However, the government wants more minutes than it earns. The total budget expenditures for the next year are 25.5 billion euros.


The document indicates that the economic situation will not improve in 2022. The ministry estimates that Slovaks expect record price hikes over the past 15 years. Inflation in 2022 is likely to be 4.2%. Therefore, real wages will rise by only 1.3% and unemployment will fall to 2020 levels.

Huge financial packages should go to infrastructure, the social sphere, health care and education. However, some ministers do not support the approved draft budget. The head of the Ministry of Transport and Construction, Andre Doyal, has stated that he will not once again postpone only the maintenance of the railway infrastructure. “We wanted more, I think Slovakia deserves more too.” compressed. Minister of Health Vladimir Lengvarsky announced that the Ministry of Finance will release, if necessary, funds for health care, which were planned in this year’s budget for payments to state document holders. The Minister for Education, Science, Research and Sport, Branislav Groling, wants to discuss the issue of education with the Prime Minister and Finance Minister. I will try to discuss with the Prime Minister. We have agreed to resolve some issues.” Head of the Education Department said.

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See Heger and Matovic’s briefing on the state budget for 2020:

At first, the Prime Minister took the floor and described what he called last year’s budget, when they exchanged tasks with Matovic: “It was a budget of truth, redemption, and responsibility.” According to him, they have managed it and the government can work very efficiently with public resources. Unemployment has risen to a minimum and declined for the fourth consecutive month. Heger said.


It is a budget for development and stability.” The Prime Minister said about the 2022 budget. It is said that stability is there because the epidemic is still rampant here and therefore reserves must be formed. “Development because the money came from the recovery plan and we already know what we are going to implement,” the prime minister added, adding that the sustainability of public finances is important. It is alleged that Matovic specifically managed the matter: “It cares about the long-term well-being of its citizens.”

“It was a very successful budget,” Heger thought. Matovic began his speech with a little less optimism: “I admit that when I came to the Treasury, I was about 30% in the picture about it.” But the minister praised the number of people who worked on the budget. Matovich also returned to the Vika government, which allegedly provided the state budget by promising something to the people, but did not know where to get the money for it.

“It was a very successful budget,” Heger thought. Matovic began his speech with a little less optimism: “I admit that when I came to the Treasury, I was about 30% in the picture about it.” But the minister praised the number of people who worked on the budget. Matovich also returned to the Vika government, which allegedly provided the state budget by promising something to the people, but did not know where to get the money for it.

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“When Heger came to the Ministry of Finance, we did not have to pay pensions. In this case, Pellegrini handed us over the Public Finance Department. Matovic said the government of the President of Hellas had adopted laws before the elections, impoverishing Slovakia by about 1.7 billion euros.

“Wages for all health professionals will grow by 3.8%,” Matovic said the sick news. In total, healthcare professionals should receive 91 million euros more than this year. Matovic wants to attract more nurses, which will cost another 11 million euros from the budget. Total healthcare spending should rise by 6.89%. “That’s without spending on Covid,” The minister added. It should allocate 717 million euros to fight the epidemic.

“If we guarantee in the future that we will not be in a situation where he will not be retired, I have made a public promise to the coalition partners to defend before the European Commission a deficit of 4.94%, and therefore we will have about 504 million euros that the ministers can use for necessary matters,” Matovic said.

Authors:
A.mAnd npk