2003 budget draft booed by EU

The Finance Ministry has introduced a state budget draft for 2003 that forecasts a deficit of Sk38 billion, or 3.5 per cent of GDP. Finance Minister František Hajnovič has said the EU is urging the government to reduce the shortfall to below 3 per cent of GDP, especially as the deficit forecast does not include bank restructuring costs or state loan guarantees.

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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