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State expects Sk34 billion from privatisations

The state should receive a further Sk18 billion in privatisation revenue this year, and Sk16.3 billion for 2004, according to Prime Minister Mikuláš Dzurinda.

Most of the money will be used to cover state loan guarantees.

Dzurinda summarised how income from privatisation between 1999 and 2002 had been used. Out of Sk242 billion (5.9 billion euro), Sk59 billion (1.4 billion euro) was used to pay off state loans, Sk69 billion (1.7 billion euro) was used for pension reforms, and Sk11 billion (270 million euro) for development programmes.

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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