Spectator on facebook

Spectator on facebook

Tax revenues revision cuts ‘03-‘05 public finance deficit

A revision of Slovakia's tax revenues following a change in their calculation has posted lower public finances deficits for 2003-05 by between 0.3-1.0 percentage points of the gross domestic product (GDP), according to information released on August 6 by the Institute of Financial Policy (IFP) of Slovakia's Finance Ministry.

The EU's statistics office Eurostat has published its own national data for Slovakia for 2003-2006 according to the new methodology.

"For the period in reference, Slovakia was among the countries that experienced the most dramatic changes when it came to the public finances balance between 2003-05 compared to the previous notification released in October 2006," the IFP notes.

The new figures lower the deficit in Slovakia's public finances in 2003 by 1 percentage point to 2.7 percent of GDP. The deficit for 2004 has been cut by 0.6 percentage points to 2.4 percent of GDP, while the 2005 deficit is down by 0.3 percentage points to 2.8 percent of GDP.

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

Top stories

Kiska stays away from parliamentary politics

President Kiska has dispersed all questions surrounding his future in politics before Easter, when he announced he was not planning to run for parliament.

Andrej Kiska does not want to walk down the path of party politics.

Danko’s office opens MPs’ letters

OĽaNO wants Danko to step down as parliament’s speaker after what they call an unprecedented measure.

Igor Matovič (l) and Ján Budaj (r)

Train travel to Košice via south to return

The Transport Ministry will restore the operation of fast trains on the southern route as of June.

Government ignores anticorruption demands Photo

Protesters gave the government two weeks to fulfil their demands.