FinMin: State Budget Deficit Deepened to €350 million in January

Bratislava, 2 February (TASR) - The state budget saw a deficit of €346.6 million at the end of January 2026, which was a deterioration of €184.6 million, or 113.9 percent year-on-year (y-o-y), the Finance Ministry reported on Monday. State-budget incomes fell by €31.1 million, or 1.6 percent y-o-y, to reach €1.892 billion in the first month of the year, while expenditures rose by €153.5 million, or 7.4 percent, to €2.239 billion. Tax revenues dropped by €38.8 million (2.1 percent) y-o-y in January. "A negative development was posted in corporate tax, which went down by €53.4 million y-o-y, while VAT decreased by €28.1 million, withholding tax by €8 million, insurance tax by €5.2 million, motor vehicle tax by €1.3 million, and excise tax by €0.3 million," stated the Finance Ministry. The special levy from business activities in regulated sectors was also lower, going down by €22.1 million y-o-y. Meanwhile, the Finance Ministry recorded positive developments in the financial transaction tax, which saw a y-o-y increase of €50.4 million. The amount of income tax collected also improved, rising by €28.8 million. Taxes on international trade and transactions, including penalties, increased by €0.4 million. Negative developments were posted in revenues from the EU budget, which shrank by €4.3 million, or 100 percent y-o-y. The cost of servicing the state debt grew by €32.5 million (17 percent) y-o-y in January. State budget expenditures related to drawing EU funds declined by €12.1 million (-20.6 percent), while expenditures related to drawing from the Recovery and Resilience Plan rose by €8.1 million (231.2 percent). The contribution to the EU budget posted a y-o-y increase of €23.8 million (29.2 percent). ko/df