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2004 deficit to climb by Sk18 billion

THE PARLIAMENTARY finance committee has recommended that the parliament 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 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 will remain 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.

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