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ECONOMIC BRIEFS

1997 fiscal deficit at 12.02bn Sk

The Finance Ministry said on February 18 that the country's fiscal deficit (the overall state budget deficit after deduction of state debt principal repayments) totaled 12.02 billion crowns in 1997. Including debt principal repayments, the budget deficit was 37.0 billion crowns. Overall 1997 budget revenues totalled 180.8 billion crowns, 5.7 percent more than originally planned and 14.5 billion more than in 1996. Overall expenditures were 217.8 billion crowns, 4.7 percent more than planned and 25.9 billion crowns more than in 1996. State budget expenditures for 1998 have been set at 184.8 billion crowns, and revenues at 179.8 billion crowns, producing a projected fiscal deficit of five billion crowns.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).