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ECONOMIC BRIEFS

Parliament opens door for provisional budget in 1Q99

The Slovak Parliament approved a revision to the 1998 budget rules at its session on December 4, preparing the way for a provisional budget for the first quarter of 1999. Of the 107 deputies present in the 150-seat chamber, 100 voted for the bill and seven abstained from voting.

The bill stipulates spending limits for individual departments, while cabinet proposes both that the administration of state funds be in line with the state budget for 1998 and that monthly state expenditures not exceed one twelfth of the total expenditures for 1998.

Miroslav Maxon, a deputy for the opposition Movement for a Democratic Slovakia (HZDS), proposed that extra money be provided for subsidies for primary agricultural production, which deputies later supported.

The new cabinet that emerged from elections in September was unable to prepare a proper budget for 1999 because it took office only two weeks before the legal date set for submitting a draft state budget to parliament.

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