Spectator on facebook

Spectator on facebook

Budget passed in record speed

Parliament approved the state budget for 2003 in a record two days of debate, setting a deficit target of Sk57.6 billion for next year, or 4.9 per cent of GDP, well down from this year’s expected 7.7 per cent of GDP.

All 78 of the ruling coalition’s MPs in the 150-seat house voted in favour. Rather than run expenditures up with new demands as in past years, MPs this year even trimmed the cabinet’s spending figure by Sk700 million.

Although the 2003 deficit figure is formally Sk18 billion higher than this year’s, the 2002 budget is regarded as unreliable because it does not include spending on bank restructuring. The true, cumulative public finance deficit for 2002, when calculated in line with EU standards, is forecast at Sk53.8 billion.

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

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4

Man who abducted the president’s son speaks out

The testimony of the former secret service agent could be of importance in a court process against the ex-spy boss.

Former SIS director Ivan Lexa