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2004 budget will aim to reduce deficit

Finance Minister Ivan Mikloš said that the goal of next year's budget will be to reduce the public deficit to 3.4 per cent of GDP. The longer-term aim is to reduce this to 3 per cent by 2006.

Mikloš said he foresees difficult negotiations ahead to achieve the reductions, but he expects them to be helped by lower unemployment and economic growth.

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

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