Spectator on facebook

Spectator on facebook

NBS not worried about Eurostat revision

Revised figures on Slovakia's reported state budget to be released by the
European Union's statistical office, Eurostat, should not threaten the country's chances of meeting the Maastricht budget criterion, National Bank of Slovakia (NBS) Governor Ivan Šramko said.

Early estimates indicate that the impact on this year's general government deficit would be 0.2-0.3 percent of GDP, Šramko told a conference called Transition to the Euro in Financial Institutions.

Eurostat demanded that the National Highway Company, the Slovak Television, the Slovak Radio and state hospitals be included in the general government
deficit too. It is expected to issue an official statement on October 22.

According to Šramko, last year's deficit would thus deepen from the current 3.4 percent to about 4.1 percent of GDP. However, meeting of the criterion this year will be decisive for the Euro adoption.


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

Enough of Smer, people chanted in streets Video

Government resignation is not enough, the crowd called for early elections. This is how it looked like in Bratislava on March 16.

Fico fell. These are good, not perfect, developments

Unlike Kaczyński’s case there are two other parties in the coalition with Smer who can still bring the government down at any time.

Media are the ultimate frontiers in defending freedom in society today

Miklós Haraszti’s keynote speech at the Budapest award ceremony of the European Press Prize, March 14, 2018.

Fico is going. So why does the crisis continue?

These 10 answers will help you understand why the coalition’s decision to rebuild the government from scratch does not satisfy the critics and protesting masses.

Most-Híd chair Béla Bugár comes to the Government Office, March 13.