5. August 2002 at 00:00

C/A deficit on par with 2001

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TASR , SITA ,

Newswire

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THE CURRENT account deficit rose a massive Sk15.3 billion in May to hit Sk36.3 billion for the first five months of 2002, putting Slovakia on track to beat the record Sk84.8 billion deficit set last year.

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The deficit, which was over 8 per cent of GDP last year, has been cited by international economic observers as a major problem facing the government emerging from September elections.

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