Cabinet approves final 2003 budget draft

The government has approved a final draft of the state budget for 2003, setting the fiscal deficit next year at Sk56.8 billion ($1.3 billion), or 4.9 per cent of GDP, on income of Sk235 billion and expenses of Sk291.8 billion.

Of the deficit, Sk10.7 billion will come from bank restructuring costs associated with the bad loans cut out of state financial houses before they were privatised from 2000-2002.

The deficit of the entire public sector should be Sk57.7 billion, or 5 per cent of expected GDP.

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

Get daily Slovak news directly to your inbox

Top stories

Three rounds of testing should take place before Christmas

The first round will be nationwide and should take place in two weeks.

Who was behind the sale of one of the biggest banks in Slovakia

The largest law firms were involved in several innovative projects, too.

Which are the largest law firms in Slovakia?

For the first time, the ranking also provides an overview in partial categories of law.

Using only antigen tests for mass testing was the right move, says American mathematician

The rounds of testing work like the layers of a filter, removing a large fraction of infected individuals in each round, says Daniel Larremore.

Free antigen testing