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State guarantees down

ACCORDING to a report on state debt guarantees that the Slovak government debated on March 29, such guarantees are no longer a serious threat to state finances.

At the end of 2002 the Slovak government was the guarantor on Sk98.9 billion in loans, Sk65 billion of which were classified as risky, according to the ESA 95 methodology.

Between 2003 and 2005, however, the volume of state-guaranteed debt fell to Sk45.2 billion.

Compiled by Martina Jurinová from press reports
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