{"id":159237,"date":"2026-08-23T16:21:11","date_gmt":"2026-08-23T16:21:11","guid":{"rendered":"https:\/\/www.europesays.com\/sk\/159237\/"},"modified":"2026-08-23T16:21:11","modified_gmt":"2026-08-23T16:21:11","slug":"slovensky-dlh-sa-za-par-rokov-zdvojnasobil-tu-su-najvacsie-skoky","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/sk\/159237\/","title":{"rendered":"Slovensk\u00fd dlh sa za p\u00e1r rokov zdvojn\u00e1sobil: Tu s\u00fa najv\u00e4\u010d\u0161ie skoky!"},"content":{"rendered":"

\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\tFoto: oPeniazoch.sk, gettyimages.com\/tiero, generovan\u00e9 AI<\/p>\n

\t\t\"oPeniazoch.sk\"\/<\/p>\n

Slovensk\u00fd verejn\u00fd dlh je na rekordn\u00fdch \u00farovniach a presahuje 60 % v\u00fdkonu celej ekonomiky. Nebolo to v\u0161ak v\u017edy tak. E\u0161te pred glob\u00e1lnou finan\u010dnou kr\u00edzou bol pod hranicou 30 % HDP. Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165 uk\u00e1zala, ako sa zadl\u017eenie Slovenska vyv\u00edjalo po\u010das uplynul\u00fdch vy\u0161e dvoch desa\u0165ro\u010d\u00ed.<\/p>\n

Ako sa Slovensko dostalo k s\u00fa\u010dasn\u00e9mu vysok\u00e9mu dlhu? Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165 (RRZ) sa v najnov\u0161ej anal\u00fdze pozrela aj sp\u00e4\u0165 do minulosti. V\u00fdvoj verejn\u00fdch financi\u00ed ukazuje<\/a> v\u00fdrazn\u00e9 zlomy sp\u00f4soben\u00e9 finan\u010dnou kr\u00edzou, pand\u00e9miou \u010di energetickou kr\u00edzou. Samotn\u00e9 kr\u00edzy v\u0161ak pod\u013ea rady nevysvet\u013euj\u00fa v\u0161etko.<\/p>\n

Mohlo by v\u00e1s zauj\u00edma\u0165:<\/p>\n

Reklama<\/p>\n

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Probl\u00e9mom je najm\u00e4 to, \u017ee ke\u010f kr\u00edza pominula a ekonomika op\u00e4\u0165 r\u00e1stla, Slovensko nedok\u00e1zalo vzniknut\u00fd dlh dostato\u010dne zn\u00ed\u017ei\u0165. Do ka\u017edej \u010fal\u0161ej kr\u00edzy sme tak vstupovali z hor\u0161ej \u0161tartovacej poz\u00edcie.<\/p>\n

Na konci roka 2003, kr\u00e1tko pred vstupom Slovenska do Eur\u00f3pskej \u00fanie<\/a>, predstavoval hrub\u00fd verejn\u00fd dlh 43,6 % HDP.<\/p>\n

Nasleduj\u00face roky 2004 a\u017e 2008 boli pre slovensk\u00fa ekonomiku<\/a> mimoriadne priazniv\u00e9. K poklesu zadl\u017eenia pomohli pr\u00edjmy z privatiz\u00e1cie \u010dasti \u0161t\u00e1tneho majetku, lep\u0161ie riadenie dlhu, reformy a konsolid\u00e1cia verejn\u00fdch financi\u00ed. Najv\u00e4\u010d\u0161\u00edm pomocn\u00edkom bol v\u0161ak vysok\u00fd hospod\u00e1rsky rast.<\/p>\n

\t\u010co je pod\u013ea v\u00e1s hlavnou pr\u00ed\u010dinou vysok\u00e9ho dlhu Slovenska?<\/p>\n

Slovensku sa teda v priebehu nieko\u013ek\u00fdch rokov podarilo dosta\u0165 pomer dlhu k v\u00fdkonu ekonomiky v\u00fdrazne nadol. Potom v\u0161ak pri\u0161la glob\u00e1lna finan\u010dn\u00e1 kr\u00edza<\/a>.<\/p>\n

Roky 2009 a\u017e 2013 pozna\u010dila glob\u00e1lna finan\u010dn\u00e1 kr\u00edza a n\u00e1sledne dlhov\u00e1 kr\u00edza euroz\u00f3ny. Ekonomika prudko spomalila, klesali da\u0148ov\u00e9 pr\u00edjmy a r\u00e1stli v\u00fddavky napr\u00edklad na soci\u00e1lne transfery. D\u00f4sledok bol dramatick\u00fd. Verejn\u00fd dlh sa v nomin\u00e1lnom vyjadren\u00ed po\u010das piatich rokov takmer zdvojn\u00e1sobil.<\/p>\n

\"\"Zdroj: RRZ<\/p>\n

Za p\u00e4\u0165 rokov tak dlhov\u00e1 z\u00e1\u0165a\u017e Slovenska nar\u00e1stla a\u017e o 26 percentu\u00e1lnych bodov HDP. Pr\u00e1ve tu pri\u0161iel jeden z najv\u00e4\u010d\u0161\u00edch zlomov v novodobej hist\u00f3rii slovensk\u00fdch verejn\u00fdch financi\u00ed.<\/p>\n

Dobr\u00e9 roky sme pod\u013ea RRZ nevyu\u017eili naplno<\/p>\n

Po roku 2013 nasledovalo \u010fal\u0161ie priazniv\u00e9 obdobie. Ekonomika r\u00e1stla a Slovensko malo mo\u017enos\u0165 vytvori\u0165 si rezervu pred \u010fal\u0161ou kr\u00edzou. Dlh s\u00edce postupne klesal, ale ani z\u010faleka sa nevr\u00e1til tam, kde bol pred finan\u010dnou kr\u00edzou. Za \u0161es\u0165 rokov konjunkt\u00fary tak zadl\u017eenie kleslo iba o 6,6 percentu\u00e1lneho bodu, zatia\u013e \u010do po\u010das predch\u00e1dzaj\u00facej kr\u00edzy nar\u00e1stlo o 26 bodov.<\/p>\n

A pr\u00e1ve tento nepomer pova\u017euje RRZ za jeden z k\u013e\u00fa\u010dov\u00fdch probl\u00e9mov. Slovensko si po\u010das dobr\u00fdch rokov nevytvorilo dostato\u010dn\u00fd fi\u0161k\u00e1lny vank\u00fa\u0161 a do \u010fal\u0161ieho ve\u013ek\u00e9ho otrasu vstupovalo s dlhom pribli\u017ene na \u00farovni 48 % HDP.<\/p>\n

Pand\u00e9mia..<\/p>\n

\u010eal\u0161\u00ed ve\u013ek\u00fd zlom nastal v roku 2020. Pand\u00e9mia<\/a> ochromila ekonomick\u00fa aktivitu a \u0161t\u00e1t za\u010dal vo ve\u013ekom financova\u0165 opatrenia na podporu dom\u00e1cnost\u00ed, pracovn\u00fdch miest a podnikov. Tak\u00fdto postup bol po\u010das mimoriadnej situ\u00e1cie prirodzen\u00fd, znamenal v\u0161ak \u010fal\u0161\u00ed prudk\u00fd n\u00e1rast zadl\u017eenia.<\/p>\n

Z pribli\u017ene 48 % HDP v roku 2019 sa verejn\u00fd dlh dostal v roku 2021 nad hranicu 60 % HDP. Slovensko sa tak po\u010das pribli\u017ene dvoch rokov dostalo na \u00farove\u0148 dlhu, ktor\u00e1 bola e\u0161te kr\u00e1tko predt\u00fdm nepredstavite\u013en\u00e1.<\/p>\n

Infl\u00e1cia dlh do\u010dasne stla\u010dila<\/p>\n

Po pand\u00e9mii pri\u0161la energetick\u00e1 kr\u00edza<\/a>, rusk\u00e1 inv\u00e1zia na Ukrajinu a prudk\u00fd rast cien. Vysok\u00e1 infl\u00e1cia mala pritom na ukazovate\u013e dlhu zvl\u00e1\u0161tny efekt. Ke\u010f\u017ee nomin\u00e1lna hodnota ekonomiky r\u00fdchlo r\u00e1stla, pomer verejn\u00e9ho dlhu k HDP sa do\u010dasne zni\u017eoval. V roku 2023 tak hrub\u00fd verejn\u00fd dlh predstavoval pribli\u017ene 56 % HDP. Neznamenalo to v\u0161ak, \u017ee probl\u00e9m slovensk\u00fdch verejn\u00fdch financi\u00ed zmizol. Po odznen\u00ed najvy\u0161\u0161ej infl\u00e1cie sa rast zadl\u017eenia op\u00e4\u0165 rozbehol.<\/p>\n

Slovensk\u00e1 ekonomika u\u017e od roku 2024 nebola v bezprostredne kr\u00edzovom stave, napriek tomu \u0161t\u00e1t hospod\u00e1ril s vysok\u00fdmi deficitmi. RRZ upozor\u0148uje, \u017ee pr\u00e1ve to je rozdiel oproti minulosti. Dlh tentoraz v\u00fdrazne rastie aj bez hospod\u00e1rskej kr\u00edzy. V roku 2025 dosiahol hrub\u00fd verejn\u00fd dlh 61,4 % HDP, pri\u010dom medziro\u010dne vzr\u00e1stol o 1,7 percentu\u00e1lneho bodu. I\u0161lo o historicky najvy\u0161\u0161iu \u00farove\u0148.<\/p>\n

Pr\u00e1ve preto RRZ bije na poplach. Ako sme u\u017e na oPeniazoch.sk<\/a> informovali, pod\u013ea jej novej spr\u00e1vy Slovensko prakticky vy\u010derpalo svoj fi\u0161k\u00e1lny priestor. Bez dodato\u010dn\u00fdch opatren\u00ed m\u00f4\u017ee verejn\u00fd dlh do konca desa\u0165ro\u010dia smerova\u0165 a\u017e k 75 % HDP. Viac si m\u00f4\u017eete pre\u010d\u00edta\u0165 v predch\u00e1dzaj\u00facom \u010dl\u00e1nku<\/a>.<\/p>\n

Pod\u013ea RRZ pritom bezpe\u010dn\u00e1 \u00farove\u0148 zadl\u017eenia Slovenska le\u017e\u00ed pod hranicou 50 % HDP. D\u00f4vodom je okrem in\u00e9ho slab\u0161\u00ed rastov\u00fd potenci\u00e1l ekonomiky a starnutie obyvate\u013estva, ktor\u00e9 bude v \u010fal\u0161\u00edch desa\u0165ro\u010diach zvy\u0161ova\u0165 n\u00e1klady na d\u00f4chodky, zdravotn\u00edctvo \u010di dlhodob\u00fa starostlivos\u0165.<\/p>\n

K\u00fdm v minulosti Slovensko vstupovalo do ve\u013ek\u00fdch kr\u00edz s ur\u010ditou rezervou, dnes je situ\u00e1cia opa\u010dn\u00e1. Ak pr\u00edde \u010fal\u0161\u00ed v\u00fdrazn\u00fd ekonomick\u00fd otras, \u0161t\u00e1t m\u00f4\u017ee ma\u0165 podstatne men\u0161\u00ed priestor pom\u00f4c\u0165 dom\u00e1cnostiam a firm\u00e1m bez \u010fal\u0161ieho prudk\u00e9ho zadl\u017eovania.<\/p>\n

Viac o t\u00e9me: deficit verejn\u00fdch financi\u00ed<\/a>, energetick\u00e1 kr\u00edza<\/a>, HDP<\/a>, infl\u00e1cia<\/a>, pand\u00e9mia<\/a>, Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165<\/a>, slovensk\u00e1 ekonomika<\/a>, starnutie popul\u00e1cie<\/a>, \u0161t\u00e1tny rozpo\u010det<\/a>, verejn\u00fd dlh<\/a><\/p>\n

\t\tKoment\u00e1re k \u010dl\u00e1nku<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\/<\/p>\n

Zlatko<\/p>\n

\n\t\t\t\t\t\t\t\t\tPred 3 hodinami\t\t\t\t\t\t\t\t<\/p>\n

Je zauj\u00edmav\u00e9, \u017ee pred vstupom do e\u00fa sme mali nie dlh, ale prebytok cez 2mil usd(vtedy \u00faplne in\u00e1 suma ako dnes) .v\u0161etko \u010do malo cenu sa predalo zahrani\u010dn\u00fdm investorom. Dnes e\u0161te Brusel z\u00e1sadne ovplyv\u0148uje na\u0161u ekonomiku…<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\/<\/p>\n

HulMiHoUKolen<\/p>\n

\n\t\t\t\t\t\t\t\t\tPred 4 hodinami\t\t\t\t\t\t\t\t<\/p>\n

Podla dezoliek zato moze radicova a matovic\ud83d\ude00\ud83d\ude00\ud83d\ude00<\/p>\n","protected":false},"excerpt":{"rendered":"Foto: oPeniazoch.sk, gettyimages.com\/tiero, generovan\u00e9 AI Slovensk\u00fd verejn\u00fd dlh je na rekordn\u00fdch \u00farovniach a presahuje 60 % v\u00fdkonu celej…\n","protected":false},"author":2,"featured_media":159238,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[6],"tags":[20636,5195,19070,2617,12064,5573,43,40,44,39,42,1441,45,41,14249,1666,21591],"class_list":["post-159237","post","type-post","status-publish","format-standard","has-post-thumbnail","category-slovensko","tag-deficit-verejnych-financii","tag-energeticka-kriza","tag-hdp","tag-inflacia","tag-pandemia","tag-rada-pre-rozpoctovu-zodpovednost","tag-sk","tag-slovak","tag-slovak-republic","tag-slovakia","tag-slovencina","tag-slovenska-ekonomika","tag-slovenska-republika","tag-slovensko","tag-starnutie-populacie","tag-statny-rozpocet","tag-verejny-dlh"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@sk\/117145743618309511","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/159237","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=159237"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/159237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media\/159238"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media?parent=159237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/categories?post=159237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/tags?post=159237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}