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2003 budget deficit to be kept

Finance Minister Ivan Mikloš proposed abolishing customary Christmas bonuses for civil servants to make up an expected Sk3.4 billion ($70 million) 2003 state budget shortfall caused by the recent rejection of a public service wage law.

In an interview with the Sme daily paper, Mikloš also promised to introduce in January 2003 a complete overhaul of the tax system to make it simpler and easier to control.

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

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