Budget 2003 proposal unveiled

The Finance Ministry’s early proposal for budget 2003, which the cabinet is to discuss on Wednesday, projects a deficit of Sk35-40 billion (3 per cent of GDP) on income of Sk224.1 billion and expenditures of Sk260-265 billion. GDP is expected to reach Sk1.142 trillion in current prices, with growth from 2002 expected at 4.1 per cent. Inflation is pegged at 7 per cent and unemployment at 18.5 per cent.

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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