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

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico