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Extra budgetary funds overstay welcome

The government was unable to agree yesterday on the abolition of various publicly-funded bodies, such as the Housing Development Fund and the Environment Fund, despite having promised the World Bank in its Staff Monitoring Programme to eliminate eight of these bodies by the end of this month and a further two by December. The government had already told the World Bank in July that it would not be able to meet these targets. Economic experts fear the state funds do not make efficient use of public money, and cloud the overall picture of the public sector fiscal deficit.

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

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