Preskočiť na menu Preskočiť na obsah Preskočiť na pätičku

Finance ministers in Brussels give final approval to the revision of the Slovak Recovery and Resilience Plan

Last update: 14.07.2023 18:00

Slovak Finance Minister Michal Horváth attended a meeting of the Eurogroup and the ECOFIN Council in Brussels.  One of the main topics of the meeting of the finance ministers of the Member States was the consolidation of public finances.

Slovak Finance Minister Michal Horváth also met with European Commission Vice President Valdis Dombrovskis on this topic at a bilateral meeting, where they discussed both the consolidation of public finances and the budgetary process this year. After the meeting, the Slovak Finance Minister pointed out that the European Commission calls on the Member States to gradually reduce the aid provided to mitigate the shock of high energy prices, and that only those measures that are necessary, targeted and temporary should remain in force.

Support for the population is also an important topic for next year, but it must be in line with what is communicated at European level. We want to find a way to provide targeted and specific help with energy prices for households in a way that does not put too much strain on public finances,” said the Slovak Finance Minister.

At the same time, EU finance ministers gave their final approval to the adaptation of our Recovery and Resilience Plan, making it more realistic and greener. Thanks to the newly added REPowerEU chapter, which includes reforms and investments, Slovakia will reduce its dependence on Russian fossil fuels and improve the quality of life of its citizens - for example by investing in the renovation of houses, streamlining permitting processes and developing green skills.

At the same time, with the signature of the Finance Minister at the official ceremony of the European Investment Bank, Slovakia declared its clear position on the continuation of assistance to Ukraine. The finance ministers of the Member States also raised the issue of the digital euro.

“The ambition is not to replace cash, but to introduce the digital euro as a new form of payment for modern times. This is a positive step both from the point of view of the citizen and from the point of view of the international role of the euro as a reserve currency," said Finance Minister Horváth.

Press Department
Ministry of Finance of the Slovak Republic