The cabinet at a special meeting yesterday shied away from spending cuts to avoid overshooting this year’s deficit target of Sk36.8 billion ($780 million), instead electing to squeeze more income from taxes and sales of state assets. The measures proposed will limit the budget overrun to some Sk10 billion, predicted Deputy PM Ivan Mikloš after the meeting. The government also agreed to reduce or abandon some investment projects, such as highway construction and a state information system.
Compiled by Tom Nicholson from press reports.
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