Spectator on facebook

Spectator on facebook

Next year's budget deficit planned at Sk61 billion

The Finance Ministry estimates that the Slovak state will require more than Sk600 billion (€14.2 billion) to run its services during 2004. Social security provider Sociálna Poisťovňa, which administers pension payments, will consume the most money from the state's purse next year.

The Finance Ministry, which has submitted the draft state budget for interdepartmental review estimates the budget gap at Sk61 billion (€1.44 billion) with total budget revenues at Sk249 billion (€5.9 billion) and expenditures at Sk311 billion (€7.36 billion).

The deficit of public finances is projected at 3.9 percent of the planned gross domestic product with a deficit of Sk50 billion (€1.18 billion).

Finance Minister Ivan Mikloš said that Slovakia's entry to the EU, changes to the country's social welfare system, and education financing have had the greatest impact on the draft budget.

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

Top stories

Coalition only agrees on how to talk. But what will they talk about?

Budget talks to decide on concrete policies. Danko wants airplanes, Fico wants better pay for nights and weekends.

Danko, Fico, Bugar.

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska