Imagine you are running a business. You have a small business or a trade, and you are making just enough to maintain the same standard of living through challenging times.
The last budget of former Finance Minister Peter Kažimír, which was presented in 2019, before he left for the comfortable office of the National Bank of Slovakia, estimated a deficit of 0.1 per cent of the GDP – some €100 million.
At first glance, the EU Commission’s suggestion that above-normal returns in the energy sector be taxed may seem like a reasonable and timely initiative.
International literature consistently reveals that excessive regulation hampers economic growth. This CEPOS briefing conducted a thorough analysis of 68 studies investigating the link between regulation and growth, with most indicating a negative correlation, signifying that increased regulation impedes economic progress.