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ECONOMIC BRIEF

Finance Ministry drafts '98 state budget

The Finance Ministry submitted the first draft of the 1998 state budget in the first week of June. The revenues are predicted to be Sk 175 billion Sk and expenditures to be 210 billion Sk, planning for 35 billion Sk deficit.

The principal installments of Slovakia's national debt should be 3.2 billion Sk higher than this year, amounting to 28.5 billion Sk. Total debt servicing should be 40 billion Sk.

The basic budget assumptions are a minimum 5 percent GDP growth (6.8 percent in 1995 and 6.9 percent in 1996; 5.1 percent for the first four months of 1997), 6 percent inflation and a slight decline in unemployment (currently below 13 percent).

Top stories

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships. He allegedly did not expect it and was easy with the idea he would not win.

Ballet legend Sergei Polunin will be guest of SND

The world-renowned personality of contemporary ballet will present two choreographies at the Slovak National Theatre in September.

Sergei Polunin

Blog: Why did I come here?

A group of teachers and students from the Bratislava-based school gathered to support their friend, colleague, and fellow foreigner, as she had already tried four times just to get in the door of the foreign police.

Queue in front of the foreigners' police department in Bratislava.