ECONOMIC BRIEFS

State to borrow 89 billion Sk to repay debt principal

Finance Minister Brigita Schmögnerová said on February 15 the government would borrow 88.8 billion crowns ($2.32 billion) in 1999 to meet payments on the state debt principal.

"It is a result of continuing growth in state indebtedness in the last few years," Schmögnerová said. She said 83.3 billion Sk would go for payments on the principal on domestic debt and 5.4 billion for foreign debt. "Together this represents 88.8 billion Sk which the state will have to borrow," she added.

The proposed state budget includes a further 20 billion crowns for state debt interest payments, Schmögnerová said.

Get daily Slovak news directly to your inbox

Top stories

News digest: Sulík presents his pandemic plan, but PM Matovič remains critical

Rules for entering Spain change. Former police chief Gašpar remains in custody. State auctions the 5G network frequencies.

Richard Sulík presented his pandemic plan on November 23.

Which are the largest law firms in Slovakia?

For the first time, the ranking also provides an overview in partial categories of law.

Government has learned little, hesitates to open school gates

Education is a question of rights. So is protesting against the government, but at what costs? Slovakia welcomes hefty investment that comes with a warning sign.

Special regional restrictions and better tracing. SaS has introduced its plan to fight the pandemic

The document is based on eight chapters, which should contribute to economic recovery.

Richard Sulík introduces his plan.