The state management ended up with a deficit of Sk11.889 billion in the first quarter of this year, which is a Sk12 billion increase year-on-year. In Q1 of last year, the budget had a surplus of Sk157 million.
“The main reason for this is that revenues are Sk1.594 billion lower than last year, and expenses Sk1.452 billion higher. The fulfilment of revenues does not meet the 2007 budget, and expenses are being created faster than revenues,” said the Finance Ministry’s commentary on the results.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
3. Apr 2007 at 11:50