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Slovakia's general government deficit in 2006 was 3.6% of GDP

Slovakia's general government deficit in 2006 was Sk59 billion, according to the Finance Ministry's preliminary figures calculated according to ESA 95.

This accounts for 3.6 percent of Slovakia's GDP including the influences resulting from the implementation of the ‘capitalization pillar’ of the pension scheme.

Compared to the approved budget, the performance of the general government was 0.6 percentage points better. The introduction of capitalization pension pillar contributed Sk18.2 billion to the general government deficit, representing 1.1 percent of GDP. The deficit of the general government budget excluding the influences of the pension reform was 2.5 percent of GDP.

Compiled by Zuzana Vilikovská from press reports
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