2003 budget deficit already in doubt

The Finance Ministry has warned that the draft 2003 budget deficit target of Sk35-40 billion, or 3-3.5 per cent of GDP, could be exceeded by as much as Sk22 billion because of overspending on civil service wage increases (Sk12 billion more than in 2002) and social support payments (Sk7.6 billion increase).

The cabinet took the information under advisement at its June 12 meeting.

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