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Next year's budget deficit will climb by Sk18 billion

The parliamentary finance committee has recommended the parliament to pass the 2004 state budget draft with a deficit of Sk78.4 billion (€1.91 billion), which is Sk18 billion (€439 million) higher than originally planned, the state-run TASR news wire reported.

Next year's revenues should stand at Sk231 billion (€5.64 billion), expenditures at Sk310 billion (€7.56 billion), and the deficit remained unchanged at 3.9 percent of the GDP.

The deficit does not include Sk18.4 billion (€449 million) for the payment of the debt of the health sector.

The vote on the state budget is predicted to be the toughest test of the ruling coalition.

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

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