Spectator on facebook

Spectator on facebook


State budget outline for 2000 forcasts 2% fiscal deficit

The state budget outline for the year 2000 was debated by cabinet and Slovakia's main unions last week. The budget deficit should not exceed 18 billion Slovak crowns, or 2% of GDP. The total deficit of the budgets of all government bodies should remain below 3% of GDP, or 28 billion crowns. State-issued guarantees on corporate loans represent one of the biggest risks for meeting these goals.

The 2000 state budget projects revenues at 190.3 billion crowns, but this figure does not include contributions by the National Bank of Slovakia (NBS) or funds from the European Union. Planned expenditures are at 208.3 billion crowns.

Cabinet has two alternatives for economic development. The first is based on one-percent GDP growth, a 17-18% unemployment rate, and average inflation between 9-11%. The second variant counts on 2% GDP growth, 16% unemployment, and 10% inflation.

Top stories

Hold onto your hats - heavy storms in Slovakia continue

Summer storms cause property damage, destroy gardens and possibly the harvest

Liberation of Mosul and the fight against ISIS

The United States, Slovakia, and the entire Global Coalition will continue to support our regional partners until ISIS has been defeated and the suffering ends.

Iraqi civilians flee their homes during fighting between Iraqi security forces and Islamic State militants, on the western side of Mosul, Iraq, in March 2017.

Lúčnica leader Štefan Nosáľ dies

Štefan Nosáľ, long-time choreographer and artistic director of the Lúčnica folklore ensemble, died at the age of 90.

Štefan Nosáľ and Lúčnica

Emergency declared in Prešov after Sunday storm Video

A powerful storm swept through the city on July 23.

Strong storm hit prešov on July 23.