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ECONOMIC BRIEFS

Budget spending restraints continue

Finance Minister Brigita Schmögnerová said on July 6 the government had limited spending in the first three quarters of 1999 to 69% of full-year budgeted expenditure.

The government had adopted a 46% limit for the first half of the year, but actually spent 92.211 billion crowns or 47.3% of the 194.9 billion budgeted for the year.

The government is targeting a full-year 1999 state budget deficit at 15 billion crowns, or about two percent of gross domestic product. The deficit reached 7.14 billion crowns in the first half of the year. Recently, new revenue raising measures have been put in place to meet the targets, including an increase in the lower rate of value added tax to 10% from six and a seven percent import surcharge.

Top stories

Police will check overpriced EU presidency

The presidency will also be scrutinised by state auditors.

The ceremonial launch of the Slovak presidency's logo.

Inspectors to focus on firms with foreign staff

Scrutiny follows media report by Serbian journalist concerning conditions in a Galanta-based plant.

Labour Minister Ján Richter

Bratislava councillors want gambling regulation, not ban

Seventeen councillors do not agree with total prohibition of gambling in the capital, they want to continue in its strict regulation.

SaS denies Russian media reports on its support of Slexit

The opposition party has objected to news in some Russian media stating that it supports the departure of Slovakia from the EU, i.e. Slexit.

Richard Sulík