State budget gap reaches Sk11 billion

The state budget of the Slovak Republic ended the first half of this
year with a deficit of SKK 10.999 billion.

That amounted to less than 29 percent of the annual projection of
Sk38.386 billion (€1.15 billion).

The deficit has narrowed by Sk2 billion (€59.7 million) since May,
while it showed a moderate increase of more than Sk750 million (€22.4
million) from this time last year.

State budget revenues amounted to Sk145.845 billion (€4.4 billion) at
the end of June 2007, making up 47 percent of the annual projection,
and were 5.7 percent higher than a year ago. Total state budget
expenditures grew 5.8 percent from last year, to Sk156.844 billion
(€4.7 billion), which is 45 percent of the annual projection, the
Finance Ministry told the SITA newswire.

Six-month tax revenues rose 8.5 percent in 2006 to Sk122.974 billion
(€3.67 billion).

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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