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.

Top stories

Zara Rutherford made a stop in Slovakia on January 15.

In a Slovak plane, teen pilot lands in the world record books

British-Belgian Zara Rutherford has broken two world records, but her global hunt for a tasty pizza was a failure.


3 h
President Zuzana Čaputová

President gives conditional support for US defence agreement

Opposition attacks president’s 'most serious failure'.


21 h
Illustrative stock photo

Covid isolation period could be cut to keep country running

Shortage of employees could put important services under threat.


21 h

News digest: President says conditional yes to US-Slovak defence agreement

Quarantine in Slovakia could be cut. Slovak median salary at €1,288 gross in 2021.


20 h
Skryť Close ad