Spectator on facebook

Spectator on facebook


Slovak fiscal deficit 9.067 billion Sk in October

Ten months into 1998, Slovakia's state budget deficit has topped 9.067 billion Sk ($251 million), up 621 million Sk from the end of September, reported the Finance Ministry on November 2. The revised state budget act for 1998 stipulates that the annual budget deficit cannot exceed 8 billion Sk ($222 million) .

Budget revenues in October were 14.606 billion Sk (8.12% of planned annual revenues) while government spending was 15.227 billion Sk (8.24% of the planned annual figure). Cumulative budget revenues for ten months of 1998 are 81.06% of the 1998 projection. The cumulative budget expenditures over ten months this year equal 83.8% of the 1998 projection.

The state budget in 1998 projects revenues of 179.8 billion Sk ($5 billion), while expenditures are planned at 187.8 billion Sk. The planned deficit should be 8 billion Sk. The state budget draft originally marked expenditures at 184.8 billion Sk and the deficit at 5 billion Sk. However, the Finance Ministry adopted a budgetary measure increasing spending on vital budget elements in the first quarter of this year. After a government bond issue, the Ministry of Finance raised the volume of spending designated for housing construction and the purchase of land under the highway construction regime. The planned budget expenditures, as well as the deficit, ballooned thereafter by 3 billion Sk.

Top stories

Thousands of people returned to the streets Photo

Though the main Bratislava protest was cancelled, people attended other gatherings, expressing their disagreement with the current situation.

SNP Square in Bratislava, March 23

She faced Russian tanks in 1968. Today, she protests again Photo

There are no tanks pointing at us today, says Mária Homolková, who joined protests in SNP Square once again in March 2018 to secure a better life for her grandchildren.

Kiska appoints Pellegrini cabinet

The president approved the new government, despite some reservations. The new PM promises to investigate the murder of the journalist and his fiancée.

Peter Pellegrini's government

There is still work to be done

2018 is not a re-run of 1989, but there is a connection.

Bratislava, March 16