FinMin projects government deficit at 2.2 percent

THE DEFICIT of the public finances should amount to 2.2 percent of gross domestic product (GDP) in 2006, according to an estimate published by the Finance Ministry on the development of the macroeconomic outlook and public finances of the Slovak Republic. According to the report, growth of macroeconomic tax bases and relative low interest rates should contribute to the final GDP figure, which is 0.7 percentage points better than the cabinet's original target for 2006, SITA wrote.

The calculation, however, does not include the possible measures that the new government, lead by left-wing politician Robert Fico, might approve by the end of the year.

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