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).

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