The ruling coalition has agreed on a package of regulated price rises, tax increases and spending cuts that now go to parliament for approval. The government says the measures will save the state budget Sk25 billion ($550 million) next year.
The cabinet has agreed to cap social benefits to families at Sk10,400 ($240) a month, less than the sum of two minimum wages, as well as to cut jobless benefits to the long-term unemployed.
The government has also scrapped plans to buy 100 million crowns ($2.3 million) worth of new cars to restock a government fleet that was last renewed in 1996.
After taking criticism of loose fiscal policy in 2002, that could see the public finances deficit shoot over 6 per cent of GDP, the new cabinet has pledged to reign in that figure to 5 per cent of GDP next year.
Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
31. Oct 2002 at 10:24