Draft budget this week

THE GOVERNMENT of Robert Fico can distribute almost Sk14 billion more than was originally planned for next year by the previous government, thanks to a better than expected economic development in Slovakia, Pravda daily wrote on August 8.

The Finance Ministry is already in discussions with the individual ministries about their budget priorities.

According to the daily, the draft budget for 2007 should be submitted to the government this week.

The Slovak Finance Minister Ján Počiatek said recently that he would keep the public finance deficit at 3 percent of GDP next year and would also fulfil the conditions for the introduction of the euro in Slovakia.

In an interview with the British Financial Times, Počiatek even said that he would resign should the government fail to meet the criteria for the introduction of euro in Slovakia by January, 2009.

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