FinMin adjusts budget overshoot sums

The Finance Ministry has produced a new tabulation of 2002 budget risks that predicts a shortfall of Sk8-10 billion ($170-210 million), rather than the Sk26 billion feared at the end of April. The report is to be discussed by cabinet on Wednesday.

The official public finance deficit target for this year is Sk36.8 billion, but following the elimination of some items from income because of accounting errors, the cabinet has announced a new deficit target of 4.5 per cent of GDP.

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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