Spectator on facebook

Spectator on facebook


Euro adoption schedule in doubt

THE STATISTICS Office of the European Union has questioned the Slovak government's math on last year's general government deficit, the business weekly Trend's website reported.

The Slovak Statistics Office published that the public deficit was at 3.39 percent of the GDP last year. But that figure should go up by 0.7 percentage points, Eurostat said. The difference was caused by incorrect accounting for budget figures for the public service media, the National Highway Company and other public finance items.

Once the data is corrected, it could result in Slovakia missing one of the Maastricht criteria targets for euro adoption.

Slovakia planned a public deficit of 2.94 percent of the GDP this year, using its current methodology. That would put the deficit just below the Maastricht threshold of three percent of its GDP. If Slovakia is forced to correct its deficit figure, it might not adopt the euro by January 1, 2009.

Top stories

She faced Russian tanks in 1968. Today, she protests again Photo

There are no tanks pointing at us today, says Mária Homolková, who joined protests in SNP Square once again in March 2018 to secure a better life for her grandchildren.

Thousands of people returned to the streets Photo

Though the main Bratislava protest was cancelled, people attended other gatherings, expressing their disagreement with the current situation.

SNP Square in Bratislava, March 23

Kiska appoints Pellegrini cabinet

The president approved the new government, despite some reservations. The new PM promises to investigate the murder of the journalist and his fiancée.

Peter Pellegrini's government

There is still work to be done

2018 is not a re-run of 1989, but there is a connection.

Bratislava, March 16