Slovakia's state budget deficit for 2003 totalled Sk37.675 billion (€912 million) at the end of September, representing 67.2 percent of the full-year target of Sk56.037 billion (€1.363 billion), news wire TASR reported.
According to the Finance Ministry, budget revenues for the period stood at Sk163.405 billion (€3.976 billion), or 69.4 percent, up by Sk2.5 billion (€60.824 million) year-on-year.
Expenditures amounted to Sk201.08 billion (€4.892 billion), or 69 percent, for a rise of Sk4 billion (€97.319 million) over that of the first nine months of 2002.
The excise duties on fuel, tobacco products, and beer were hiked on August 1 in order to compensate for the lower-than-planned revenues from VAT and corporate tax and to keep on target for a full-year budget deficit at or below 5 percent of gross domestic product.
Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
2. Oct 2003 at 10:54