Spectator on facebook

Spectator on facebook

IN SHORT

Budget deficit higher, but according to plan

SLOVAKIA'S STATE budget deficit for the first nine months of 2002 was Sk32.2 billion, 40 per cent higher than the same period last year but only 47 per cent of the planned full-year deficit figure for 2002.

Almost Sk14.4 billion of the deficit figure stemmed from bank restructuring costs, which are not included in the Sk38 billion state budget deficit target for 2002.

The Finance Ministry has said the year-end deficit in public finances will be Sk34.9 billion, or 3.3 per cent of GDP, lower than in the original budget law and far below fears of a shortfall of 4.5 per cent of GDP.

Top stories

Letters can be checked at work – but is it legal?

The recent scandal surrounding the parliamentary office opening and checking the post of MPs has opened the issue of postal privacy – which also concerns emails or text messages – guaranteed by the law.

Andrej Danko, speaker of parliament

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.

Blog: A line does not always form

A foreigners' real experience at the foreigners’ police department in Bratislava.

The foreigners’ police department in Petržalka

Coalition SNS seeks mandatory 13th salary

The business sector claims that such a step would lead to speculation and slow the growth of wages.