BUSINESS SHORTS

Tax revenues revision cuts public finance deficit

A revision of Slovakia's tax revenues following a change in their calculation has led to lower public finance deficits for 2003 to 2005.

According to information released on August 6 by the Finance Ministry's Institute of Financial Policy (IFP), the difference added up to between 0.3 and one percentage point for each year, according to a report from the TASR newswire.

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

"For the period in question, Slovakia was among the countries that experienced the most dramatic changes when it came to the public finances balance between 2003 to 2005, compared to the previous results released in October 2006," the IFP noted.

The new figures lowered the deficit in Slovakia's public finances in 2003 by one percentage point to 2.7 percent of GDP. In 2004, it was cut by 0.6 percentage points to 2.4 percent of GDP, and in 2005 it went down by 0.3 percentage points to 2.8 percent of GDP.

Get daily Slovak news directly to your inbox

Top stories

News digest: Foreigners’ Police departments remain closed

Slovenia has ordered PCR tests developed by Slovak scientists. Holocaust survivors received the coronavirus vaccine jab.

28m

Slovakia has more and more vaccines available. State lacks courage

Slovakia is taking a cautious approach to make sure it will be able to deliver second doses when needed.

5 h
Police control at the border crossing in Drietomá (Trenčín Region).

Stricter curfew rules come into force, police intensify checks

Negative test result required when going to work or doing sports in nature.

6 h
Milan Mazurek and Milan Uhrík in the foreground are significant faces of ĽSNS leaving the party

Far right splits: prominent faces leave after Kotleba changed statute

Analyst says that strengthening of extremists is unlikely.

26. jan