Parliament increases excise duty

Taxes on cigarettes, beer, wine, and petrol will rise in July as part of measures to reduce the state budget deficit.

Finance Minister Ivan Mikloš said: "The rises should bring Sk3.7 billion (€90 million) to the state budget in the next half year and this would solve the [budget] deficit."

Prices for cigarettes will rise by Sk9 (€0.22) per packet, wine by Sk25 (€0.61) per litre, petrol by Sk1-Sk2.5 (€0.02-€0.06) per litre, and beer by Sk3.5 to Sk4.7 (€0.09-€0.11).

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

23. May 2003 at 10:52