FinMin won't boost spending to keep promises

State revenues may exceed expectations in 2007, but the Government has yet to allocate money for Christmas bonuses for pensioners or for funding unprofitable railway lines, as promised, the Pravda daily reported on August 2.

According to the Report on the Macro-economic Environment and the Development of Public Finances in Slovakia in the First Half of 2007, which was published on August 1, the increased revenues should be used to pay off state debts in various areas.

The Finance Ministry said last year that better management of state finances, state institutions and funds would be the condition set for Christmas bonuses for pensioners or the retention of unprofitable railway lines.

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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