Several quite severe droughts occurred in Europe in the 21st century; three of them (2003, 2012 and 2015) hit also Slovakia. The Standardized Precipitation Index (SPI) and Standardized Precipitation and Evapotranspiration Index (SPEI) were used for assessment of meteorological drought occurrence. The research was established on discharge time series representing twelve river basins in Slovakia within the period 1981–2015. Sequent Peak Algorithm method based on fixed threshold, three parametric Weibull and generalized extreme values distribution GEV, factor and multiple regression analyses were employed to evaluate occurrence and parameters of hydrological drought in 2003, 2011–2012 and 2015, and the relationship among the water balance components. Results showed that drought parameters in evaluated river basins of Slovakia differed in respective years, most of the basins suffered more by 2003 and 2012 drought than by the 2015 one. Water balance components analysis for the entire period 1931–2016 showed that because of contin