Finance Ministry warns of budget risks

The Finance Ministry has said inflated income expectations in the 2002 state budget plan, and unforeseen expenditures such as an announced pension rise, could increase the planned end-year deficit by Sk26 billion, or from 3.5 per cent of GDP to 5.5 per cent. The Council of Economic Ministers, a senior cabinet body, will discuss the ministry warning at its regular meeting today.

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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