State Budget Deficit Deepened by One Quarter Y-o-Y to €6.4 bn in November

Bratislava, 2 December (TASR) - The state budget saw a deficit of €6.375 billion at the end of November 2025, which was a deterioration of €1.237 billion, or 24.1 percent year-on-year (y-o-y), the Finance Ministry reported on Tuesday. State-budget incomes grew by €1.561 billion, or 7.6 percent y-o-y to reach €22.207 billion in the eleventh month of the year, while expenditures rose by €2.798 billion, or 10.9 percent, to €28.582 billion. "Tax revenues grew by €2.009 billion (12.1 percent) y-o-y in November. Of this, the highest proportion as usual came from value-added tax, bringing in €779.9 million more than the year before. The amount of corporate tax collected rose by €177.3 million, that of withholding tax by €11.1 million, while the amount of excise taxes garnered grew by €50.8 million," said the Finance Ministry. The ministry also reported a positive development in income tax revenues, which went up by €572.8 million. Income from the special levy from businesses operating in regulated branches increased by €85.1 million y-o-y. The solidarity contribution from activities in the oil, gas, coal and refinery sectors increased by €39.6 million. "The financial transaction tax brought €283.3 million into state coffers in November," stated the ministry. Negative developments were posted in revenues from the EU budget, which shrank by €1.094 billion, or 42.5 percent y-o-y. Meanwhile, incomes from the Recovery and Resilience Plan rose by €520.6 million (492 percent). The cost of servicing the state debt grew by €330.6 million (27.8 percent) y-o-y in November. State budget expenditures related to drawing EU funds declined by €678.8 million (-25 percent), while expenditures related to drawing the Recovery and Resilience Plan rose by €1.15 billion (252.2 percent). ko/df