Spectator on facebook

Spectator on facebook

Cabinet unworried by budget deficit

Central bank governor Marián Jusko has said the state budget may finally overshoot its deficit target of Sk38 billion by only Sk7 billion, instead of the Sk10-11 billion the Finance Ministry estimates. Finance Minister František Hajnovič was even more optimistic, saying there was a chance the target might even be kept, meaning the next parliament formed after September 20-21 elections would not have to quickly amend the 2002 budget law.

Among the budget risks that remain is an expected Sk4 billion overshoot on social benefits spending. However, with the arrival on September 3 of Sk6.1 billion on the account of the central bank as part of a cash settlement of Russia’s debt to Slovakia, the cabinet has a Sk4 billion surplus to draw on.

Hajnovič would not say whether the Russian debt money would go towards shoring up public finances or to paying down Slovakia’s national debt.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

How the national emblem appeared – including so far secret communism designs

Even Slovaks often do not know why the national emblem depicts a white double-cross, and not the Kriváň peak, or the design by artist Vincent Hložník. They also do not know why it makes a difference whether it is…

Offical Slovak national emblem and colours

Bratislava Zoo will have new wolf breeding station

One of most significant investments of the Bratislava Zoo in the year 2017 will be the building of a new wolf breeding station.

Foreigners: Events around Slovakia Photo

Tips for performances and other events in the Slovak regions between February 17 and February 26, including a race on old wooden sleighs, an operetta premiere, a lot of jazz, classical and rock music, and more.

Rce in krňačky sleighing, Turecká 2017

Some food really is better in Austria, study finds

EC says its role is to monitor safety, not quality – but Slovaks want the same as Austrians, says minister.

Illustrative stock photo