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Finance Ministry: Budget deficit of €1.97 billion in June
2 Jul 2014 Flash News
Slovakia’s state budget at the end of June posted a deficit of €1.97 billion, an increase of 18.3 percent year-on-year.
Compared to the same period of last year, budget revenues increased by €267.2 million, the TASR newswire quoted the the Finance Ministry press release. At the same time, budget expenditures went up by €572.2 million. Therefore, after six months, the state spent 42.1 percent of the sum planned for the entire year, which is 3.4 percentage points less than at the same time last year.
Expenditures related to servicing the state debt increased by €202.4 million y-o-y in June, as state bond coupons with a value of €185 million were paid in April.
In June alone, the gap widened by over €90 million and by nearly €350 million in yearly terms, the SITA newswire wrote.
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