Privatisation funds to unreformed sector

SLOVAKIA's hospitals will use part of a Sk3.7 bailout package from the government to pay overdue premiums to cash-strapped social security provider Sociálna Poisťovňa, according to Health Ministry officials.

While the funds will be transferred from the FNM privatisation agency to the Health Ministry for paying down health-sector debts, neither the ministry nor the insurer has said how much will be allocated to pay back insurance premiums.

Sociálna Poisťovňa should also be receiving Sk1.6 billion in back payments from railway company ŽSR as the government pays overdue subsidies for passenger transport.

The payment of overdue premiums will be a welcome relief for the insurer, which is currently covering pension payments with resources from its sick-leave fund, though the agency has warned it will run out of internal funds to pay pensions in October or November of this year.

Critics have advised against using one-off privatisation proceeds to pay revolving debt in the unreformed health sector, which continues to spend beyond its resources.

Top stories

News digest: Vaccine mandate not on the table right now

Omicron wave gains strength. Parliamentary committee to discuss Russia-Ukraine situation. Disney+ coming to Slovakia.

1 h
Illustrative stock photo

Slovak, Catholic, and ageing. But some of the 2021 census is a surprise (+graphs)

The data also revealed that almost 4 percent of inhabitants were not born in Slovakia.

25. jan
Illustrative stock photo

Omicron send thousands of uninfected students and their parents into quarantine

A shorter quarantine period for schoolchildren could reduce the shortage of parents.

8 h
The three largest banks in Slovakia will launch instant payments on February 1 of this year.

Money in your account in seconds. Instant payments are about to become reality

Three Slovak banks will launch instant payments on February 1.

9 h
Skryť Close ad