11. November 2002 at 00:00

Cuts, cuts and more cuts

author
author
TASR , SITA ,

Newswire

Font size: A - | A +

THE RULING coalition has agreed on a package of regulated price rises, tax increases and spending cuts that have been submitted to parliament for approval.

The government says the measures will save the state budget Sk25 billion ($550 million) next year.

SkryťTurn off ads
SkryťTurn off ads
Article continues after video advertisement
SkryťTurn off ads
Article continues after video advertisement

The cabinet has agreed to cap social benefits to families at Sk10,400 ($240) a month, less than the sum of two minimum wages, as well as to cut jobless benefits to the long-term unemployed.

The government has also scrapped plans to buy Sk100 million ($2.3 million) worth of new cars to restock a government fleet that was last renewed in 1996.

SkryťClose ad