Budget Council Finds Third of Finance Minister's Consolidation Plan Merely Corrects His Own Mistakes

Slovakia's Budget Council has determined that approximately one-third of Finance Minister Ladislav Kamenický's fiscal consolidation measures simply reverse previous decisions he made that proved counterproductive. The independent fiscal watchdog found that the minister frequently made policy choices that were opposite to what was needed, only to later include corrections to these errors as part of his consolidation package. The Budget Council, which monitors Slovakia's public finances and provides independent assessments of government fiscal policy, released this critical evaluation of the consolidation efforts designed to reduce the country's budget deficit and improve its fiscal position.