Off budget funds eliminated

Parliament yesterday approved the elimination of nine off-budget funds in 2002 and one in 2003; the move had been urged by the World Bank and IMF who regarded them as a haven for corruption and non-transparent practices. The cut funds include channels for distributing taxpayer money to culture and the environment. Elimination of the funds also removes a major barrier to approval of the 2002 state budget draft.

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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