Spectator on facebook

Spectator on facebook

BUDGET BRIEFS

Finance Ministry upholds spending freeze for 2Q99

The Finance Ministry has decided to continue with its budget spending freezes for the second half of 1999. In a news conference on November 16, Finance Minister Brigita Schmögnerová told reporters that budget spending in the second half of 1999 would not have been frozen if social benefits claims had not risen faster than expected.

The freezing of funds in some budget chapters this year has saved the state as much as 1.27 billion crowns. Of particular note, savings in the chapter "government debt" accounted for 400 million crowns; the Labour Ministry saved 600 million crowns in family allowances; and 270 million crowns has been saved in the "General Treasury Administration" chapter. The Finance Ministry proposes to use these savings to cover social benefits payments.

In the first half of 1999, the Finance Ministry froze 3.2 billion crowns in budget spending, and proposed that two billion crowns be frozen in the second half, representing a 2.6% cut in budgetary spending on an annual basis. Sources frozen in the first half of this year have been used to settle debts in the education and health-care sectors, and for repairing damages caused by natural disasters.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.