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Government to discuss division of SPP sale proceeds next week

A controversial proposal by the FNM state privatisation agency to allot only Sk20 billion of the Sk130 billion received from the sale of state gas utility SPP towards paying down state debt is to be discussed by cabinet next week. The proposal, which goes against the recommendation of the central bank and international institutions that more money be used to repay debt, assigns about Sk45 billion to development programmes and paying down debt in unreformed sectors of the economy such as health care.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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