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Deficit misses target

SLOVAKIA'S 2001 budget ended with deficit of Sk36.35 billion, Sk8.5 billion higher than in 2000.

Speaking at the press conference on January 8, Finance Minister Brigita Schmögnerová said that the 2001 deficit was on revenues of Sk205.3 billion and expenditures of Sk249.7 billion, including Sk8 billion for the restructuring of banks.

She added that the deficit stood close to the estimate as it was Sk843 million less than the target approved by parliament at the end of 2000.

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