Budget deficit hits 2002 target

The 2002 state budget ended with a deficit of Sk37.12 billion ($950 million), 97.7 per cent of the target, as well as Sk14.57 billion in bank restructuring costs.

In 2003 the bank restructuring and operating expenses categories are to be merged into one united budget figure in accordance with the EU's ESA 95 budget guidelines, making for more transparent public finance accounting.

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