{"id":107927,"date":"2026-06-25T17:55:17","date_gmt":"2026-06-25T17:55:17","guid":{"rendered":"https:\/\/www.europesays.com\/sk\/107927\/"},"modified":"2026-06-25T17:55:17","modified_gmt":"2026-06-25T17:55:17","slug":"rrz-varuje-preco-si-nemozeme-dovolit-dlh-ako-taliansko-ci-francuzsko","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/sk\/107927\/","title":{"rendered":"RRZ varuje: Pre\u010do si nem\u00f4\u017eeme dovoli\u0165 dlh ako Taliansko \u010di Franc\u00fazsko?"},"content":{"rendered":"<p>\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/sk\/wp-content\/uploads\/2026\/06\/demografia-1280x960.jpg\"\/><\/p>\n<p>\t\t\t\t\tFoto: oPeniazoch.sk, SITA<\/p>\n<p>\t\t<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/sk\/wp-content\/uploads\/2026\/06\/1782410115_87_openiazoch-logo-favicon.jpg\" alt=\"oPeniazoch.sk\"\/><\/p>\n<p class=\"article-perex\">Slovensko nem\u00e1 probl\u00e9m s verejn\u00fdm dlhom, argumentovali v utorok premi\u00e9r Robert Fico a minister financi\u00ed Ladislav Kamenick\u00fd. Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165 v\u0161ak prich\u00e1dza s odli\u0161n\u00fdm poh\u013eadom. Pod\u013ea nej toti\u017e nesta\u010d\u00ed pozera\u0165 iba na aktu\u00e1lnu v\u00fd\u0161ku dlhu, ale aj na to, ak\u00e1 bude schopnos\u0165 krajiny spl\u00e1ca\u0165 z\u00e1v\u00e4zky o desa\u0165ro\u010dia v bud\u00facnosti.<\/p>\n<p>Premi\u00e9r Robert Fico v utorok <a href=\"https:\/\/openiazoch.zoznam.sk\/financie\/fico-verejny-dlh-slovenska-je-hlboko-pod-priemerom-eu-rating-zostava-a3\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">zd\u00f4raz\u0148oval<\/a>, \u017ee slovensk\u00fd verejn\u00fd dlh vo v\u00fd\u0161ke pribli\u017ene 61 percent HDP zost\u00e1va pod priemerom Eur\u00f3pskej \u00fanie aj euroz\u00f3ny. Argumentoval tie\u017e t\u00fdm, \u017ee vy\u0161\u0161\u00ed dlh maj\u00fa aj ekonomicky siln\u00e9 krajiny ako Nemecko, Rak\u00fasko, Belgicko \u010di Franc\u00fazsko. Z toho vyvodil z\u00e1ver, \u017ee Slovensko nem\u00e1 s verejn\u00fdmi financiami z\u00e1sadn\u00fd probl\u00e9m a v\u00fdsledkom konsolid\u00e1cie je, \u017ee dlh nerastie e\u0161te r\u00fdchlej\u0161ie.<\/p>\n<p>Mohlo by v\u00e1s zauj\u00edma\u0165:<\/p>\n<p>Reklama<\/p>\n<p> div {<br \/>\ntext-align: left;<br \/>\nfont-size: 12px;<br \/>\ncolor: #6f6f6f;<br \/>\n}<\/p>\n<p>#onnetwork-banner > div:first-child {<br \/>\ntext-align: left;<br \/>\nfont-weight: 700;<br \/>\npadding-bottom: 5px;<br \/>\nfont-size: 14px;<br \/>\ncolor: #000000;<br \/>\n}<\/p>\n<p>]]><\/p>\n<p>Pr\u00e1ve na tak\u00fdto sp\u00f4sob hodnotenia v\u0161ak nepriamo reaguje nov\u00e1 anal\u00fdza <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/rada-pre-rozpoctovu-zodpovednost-rrz\/\" type=\"post_tag\" id=\"1003\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Rady pre rozpo\u010dtov\u00fa zodpovednos\u0165<\/a>. Ako uv\u00e1dza v koment\u00e1ri Marek Rak\u00fas z RRZ, verejn\u00fd dlh nemo\u017eno posudzova\u0165 iba pod\u013ea jeho aktu\u00e1lnej v\u00fd\u0161ky. Rozhoduj\u00face s\u00fa aj bud\u00face ekonomick\u00e9 a demografick\u00e9 podmienky, ktor\u00e9 ur\u010duj\u00fa schopnos\u0165 krajiny dlh spl\u00e1ca\u0165. \u201ePr\u00e1ve v tomto zmysle sme u\u017e pristar\u00ed na vysok\u00fd dlh: v starn\u00facej ekonomike je vysok\u00fd dlh rizikovej\u0161\u00ed,\u201c uv\u00e1dza rozpo\u010dtov\u00e1 rada vo svojom koment\u00e1ri.<\/p>\n<p>Pod\u013ea <a href=\"https:\/\/www.rrz.sk\/pristari-na-vysoky-dlh\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">anal\u00fdzy<\/a> je najv\u00e4\u010d\u0161\u00edm probl\u00e9mom Slovenska r\u00fdchle starnutie popul\u00e1cie. Vy\u0161\u0161\u00ed po\u010det d\u00f4chodcov bude v bud\u00facnosti zvy\u0161ova\u0165 tlak na verejn\u00e9 v\u00fddavky, pri\u010dom ekonomika bude ma\u0165 z\u00e1rove\u0148 slab\u0161iu schopnos\u0165 vytv\u00e1ra\u0165 rozpo\u010dtov\u00e9 prebytky. Pr\u00e1ve preto pod\u013ea RRZ nemo\u017eno automaticky porovn\u00e1va\u0165 Slovensko s krajinami, ktor\u00e9 s\u00edce maj\u00fa vy\u0161\u0161\u00ed dlh, no disponuj\u00fa odli\u0161nou ekonomickou \u0161trukt\u00farou, vy\u0161\u0161ou produktivitou alebo priaznivej\u0161\u00edm demografick\u00fdm v\u00fdvojom.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"1168\" height=\"657\" src=\"https:\/\/www.europesays.com\/sk\/wp-content\/uploads\/2026\/06\/image-4.jpg\" alt=\"\" class=\"wp-image-520475\"\/><\/p>\n<p>Rozpo\u010dtov\u00e1 rada upozor\u0148uje, \u017ee riziko takzvan\u00e9ho neodvratn\u00e9ho defaultu, teda situ\u00e1cie, ke\u010f by krajina u\u017e ani pri maxim\u00e1lnom fi\u0161k\u00e1lnom \u00fasil\u00ed nedok\u00e1zala zabr\u00e1ni\u0165 probl\u00e9mom so spl\u00e1can\u00edm <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/dlh-verejnej-spravy\/\" type=\"post_tag\" id=\"1259\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">dlhu<\/a>, sa v\u00fdrazne zv\u00fd\u0161ilo. K\u00fdm pre rok 2010 ho model odhadoval na 0,3 percenta, dnes je na \u00farovni 10,9 percenta. Ak by sa nastavenie polit\u00edk nezmenilo, do roku 2040 by pod\u013ea z\u00e1kladn\u00e9ho scen\u00e1ra presiahlo hranicu 50 percent. V tom istom scen\u00e1ri by verejn\u00fd dlh Slovenska dosiahol a\u017e 108,6 percenta HDP.<\/p>\n<p>\u201eSpolieha\u0165 sa len na priaznivej\u0161\u00ed ekonomick\u00fd v\u00fdvoj nesta\u010d\u00ed. Ak chce \u0161t\u00e1t pred\u00eds\u0165 situ\u00e1cii, v\u00a0ktorej u\u017e defaultu nebude mo\u017en\u00e9 zabr\u00e1ni\u0165, mus\u00ed stabilizova\u0165 dlh a zos\u00faladi\u0165 bud\u00face v\u00fddavky s\u00a0re\u00e1lnymi mo\u017enos\u0165ami ekonomiky\u201c<\/p>\n<p>Marek Rak\u00fas | Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165<\/p>\n<p>Anal\u00fdza z\u00e1rove\u0148 pripom\u00edna, \u017ee rast\u00faci dlh nie je jedin\u00fdm rizikom. V\u00fdznamn\u00fa \u00falohu zohr\u00e1vaj\u00fa aj vysok\u00e9 vl\u00e1dne v\u00fddavky vr\u00e1tane <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/dochodky\/\" type=\"post_tag\" id=\"401\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">d\u00f4chodkov\u00fdch<\/a> n\u00e1kladov, ktor\u00e9 bud\u00fa pod tlakom demografick\u00fdch zmien \u010falej r\u00e1s\u0165. Naopak, pozit\u00edvne dnes p\u00f4sobia finan\u010dn\u00e9 rezervy \u0161t\u00e1tu a produktivita ekonomiky, ktor\u00e9 \u010das\u0165 riz\u00edk zmier\u0148uj\u00fa. Pod\u013ea RRZ v\u0161ak kombin\u00e1cia vysok\u00e9ho dlhu a nepriazniv\u00e9ho demografick\u00e9ho v\u00fdvoja vytv\u00e1ra podstatne nebezpe\u010dnej\u0161iu situ\u00e1ciu, ne\u017e keby sa tieto faktory vyskytovali samostatne.<\/p>\n<p>\tKomu viac ver\u00edte pri hodnoten\u00ed slovensk\u00e9ho dlhu?<\/p>\n<p>Diskusia o verejnom dlhu sa tak pod\u013ea v\u0161etk\u00e9ho nebude vies\u0165 len o tom, \u010di je Slovensko dnes pod priemerom E\u00da. Ot\u00e1zkou zost\u00e1va, \u010di si krajina s r\u00fdchlo starn\u00facou popul\u00e1ciou m\u00f4\u017ee dovoli\u0165 rovnak\u00fa mieru zadl\u017eenia ako ve\u013ek\u00e9 z\u00e1padoeur\u00f3pske ekonomiky, na ktor\u00e9 sa vl\u00e1da odvol\u00e1va. Odpove\u010f RRZ je v tomto smere pomerne jednozna\u010dn\u00e1 \u2013 samotn\u00e9 porovnanie aktu\u00e1lnych percent dlhu nesta\u010d\u00ed a bez stabiliz\u00e1cie <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/verejne-financie\/\" type=\"post_tag\" id=\"1647\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">verejn\u00fdch financi\u00ed<\/a> bud\u00fa rizik\u00e1 v nasleduj\u00facich desa\u0165ro\u010diach narasta\u0165.<\/p>\n<p class=\"tags\">Viac o t\u00e9me: <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/demografia\/\" rel=\"nofollow noopener\" target=\"_blank\">demografia<\/a>, <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/dochodky\/\" rel=\"nofollow noopener\" target=\"_blank\">d\u00f4chodky<\/a>, <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/konsolidacia\/\" rel=\"nofollow noopener\" target=\"_blank\">konsolid\u00e1cia<\/a>, <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/konsolidacia-verejnych-financii\/\" rel=\"nofollow noopener\" target=\"_blank\">konsolid\u00e1cia verejn\u00fdch financi\u00ed<\/a>, <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/ladislav-kamenicky\/\" rel=\"nofollow noopener\" target=\"_blank\">Ladislav Kamenick\u00fd<\/a>, <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/rada-pre-rozpoctovu-zodpovednost-rrz\/\" rel=\"nofollow noopener\" target=\"_blank\">Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165 RRZ<\/a>, <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/robert-fico\/\" rel=\"nofollow noopener\" target=\"_blank\">Robert Fico<\/a>, <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/rrz\/\" rel=\"nofollow noopener\" target=\"_blank\">RRZ<\/a>, <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/slovenska-ekonomika\/\" rel=\"nofollow noopener\" target=\"_blank\">slovensk\u00e1 ekonomika<\/a>, <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/starnutie-obyvatelstva\/\" rel=\"nofollow noopener\" target=\"_blank\">starnutie obyvate\u013estva<\/a>, <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/statny-rozpocet\/\" rel=\"nofollow noopener\" target=\"_blank\">\u0161t\u00e1tny rozpo\u010det<\/a>, <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/verejne-financie\/\" rel=\"nofollow noopener\" target=\"_blank\">verejn\u00e9 financie<\/a>, <a href=\"https:\/\/openiazoch.zoznam.sk\/tag\/verejny-dlh\/\" rel=\"nofollow noopener\" target=\"_blank\">verejn\u00fd dlh<\/a><\/p>\n<p>\t\tKoment\u00e1re k \u010dl\u00e1nku<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" class=\"article-comment-image\" src=\"https:\/\/www.europesays.com\/sk\/wp-content\/uploads\/2026\/06\/1782410116_866_avatar92.jpg\" alt=\"\"\/><\/p>\n<p>biozombik_otrok_robot<\/p>\n<p>\n\t\t\t\t\t\t\t\t\t24.6.2026\t\t\t\t\t\t\t\t<\/p>\n<p>Robko je \u010darovn\u00fd.Ke\u010f vl\u00e1dol \u00d3dor a mali sme dlh 55,6% HDP, tak cel\u00fa kampa\u0148 a pol roka po vo\u013eb\u00e1ch rozpr\u00e1val, \u017ee verejn\u00e9 financie s\u00fa v rozvr\u00e1tenom stave.Dnes, po \u00fadajn\u00fdch konsolid\u00e1ci\u00e1ch (v skuto\u010dnosti iba po zdieran\u00ed po&#8230;<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" class=\"article-comment-image\" src=\"https:\/\/www.europesays.com\/sk\/wp-content\/uploads\/2026\/06\/1782410117_464_noavatar92.png\" alt=\"\"\/><\/p>\n<p>Ach<\/p>\n<p>\n\t\t\t\t\t\t\t\t\t24.6.2026\t\t\t\t\t\t\t\t<\/p>\n<p>Fico hlavne u\u017e kampa\u0148uje, tak\u017ee je bezpredmetn\u00e9 \u010do hovor\u00ed. A o ekonomike \u00faplne. Jeho fanatick\u00e9 ove\u010dky zhltn\u00fa v\u0161etko aj keby mali pr\u00e1zdne pe\u0148a\u017eenky, \u010do v\u00e4\u010d\u0161ina aj m\u00e1&#8230; Po\u010d\u00favajte ekon\u00f3mov a ak bij\u00fa na poplach, tak je z&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Foto: oPeniazoch.sk, SITA Slovensko nem\u00e1 probl\u00e9m s verejn\u00fdm dlhom, argumentovali v utorok premi\u00e9r Robert Fico a minister financi\u00ed&hellip;\n","protected":false},"author":2,"featured_media":107928,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[6],"tags":[7519,695,1205,5223,2705,16862,1614,23695,43,40,44,39,42,1441,45,41,36519,1666,1503,21591],"class_list":["post-107927","post","type-post","status-publish","format-standard","has-post-thumbnail","category-slovensko","tag-demografia","tag-dochodky","tag-konsolidacia","tag-konsolidacia-verejnych-financii","tag-ladislav-kamenicky","tag-rada-pre-rozpoctovu-zodpovednost-rrz","tag-robert-fico","tag-rrz","tag-sk","tag-slovak","tag-slovak-republic","tag-slovakia","tag-slovencina","tag-slovenska-ekonomika","tag-slovenska-republika","tag-slovensko","tag-starnutie-obyvatelstva","tag-statny-rozpocet","tag-verejne-financie","tag-verejny-dlh"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@sk\/116812036535138372","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/107927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/comments?post=107927"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/107927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media\/107928"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media?parent=107927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/categories?post=107927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/tags?post=107927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}