Slovak Jan-May budget deficit 8.66 billion Sk

The Slovak 1999 budget deficit up to May 31 was 8.659 billion Slovak crowns ($200 million) compared with 2.406 billion crowns up to May 29 last year, the Finance Ministry said on June 1.

According to official figures, the deficit jumped by 7.246 billion crowns in May alone, from 1.413 billion at the end of April. The main reason behind this sudden rise was unexpectedly low state budget revenues in May (revenues were 7.15 billion crowns, only 4% of the annual target and 5.2 billion lower than in the same month last year). Weak tax collection was the root cause of this fall in budget income - and was one of the main spurs for the VAT rise announced on May 31.

Top stories

The Constitutional Court in Košice.

State quarantine interferes with personal freedom, the court decided

The Constitutional Court did not accept the complaints of the ombudswoman concerning the bill for state quarantine.


3 h
Illustrative stock photo

Christmas with curfew, family visits will not be an exception

Stricter measures will come back if hospitalisations reach a critical level.


22 h

News digest: Slovak government eases measures but closes schools

First wave of easing the measures starts on Friday. President Čaputová listed among 100 most powerful women. Districts in western and central Slovakia should prepare for heavy snowfall.


21 h
Illustrative stock photo

Booster or bust: Foreigners still face vaccine barriers in Slovakia

How to have your Covid vaccine doses received abroad recognised in Slovakia.


7. dec
Skryť Close ad