Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

Fiscal budget deficit rises to 12.9 billion Sk late November

As of November 30, 1998, Slovakia showed a state budget deficit of 12.88 billion Sk ($357 million), up 3.81 billion Sk in one month. Eleven-month budgetary revenues of the Slovak Republic accounted for 162.3 billion Sk, while expenditures totaled 175.18 billion Sk.

Cumulative revenues for eleven months of 1998 constituted 96.3% of the projected annual figure. January-November expenditures came to 93.3% of the 1998 plan.

The revised state budget law for 1998 predicts total budgetary revenues of 168.6 billion Sk, while expenditures should be 187.8 billion Sk. The final 1998 deficit should thus come to 16.2 billion Sk, while another 3 billion Sk in government bonds will bring the total budgetary deficit to 19.2 billion Sk ($533 million).

Top stories

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo

Russians win the Tatry Ice Master 2018 Video

Ice-sculptors worked with a massive 50 tonnes of ice on the weekend of January 12-14; their sculptures remain on display.

The ice scupltures at Hrebienok, Tatry Ice Masters

The Bratislava airport has competition in Vienna

The airport in Vienna, only about 60 kilometres from the Slovak capital, gains 17 new low-cost airliner flights.

Illustrative stock photo