2003 deficit lower than expected

LAST year’s public finance deficit was considerably lower than expected
- 3.6 percent of GDP as opposed to the planned 4.9 percent, the Finance
Ministry announced.

Finance Minister Ivan Mikloš said at a press conference on March 10 that the deficit was Sk16.7 billion (€410 million) lower than expected.

Of the sum, Sk8.3 billion (€204 million) were unused finances that are on the accounts of individual ministries and other public organisations. Another Sk4.5 billion (€111 million) comes from the savings measures of budgetary organisations, and Sk3.9 billion (€96 million) is the yield from money that the state deposited in the central bank for pension reform.

According to analysts such as Ján Tóth, the main economist with the ING
Bank, the incorrect budget plan could undermine the Finance Ministry’s trustworthiness, the Slovak daily Pravda wrote.

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

Get daily Slovak news directly to your inbox

Top stories

Testing is impossible to carry out as planned, president says

President Zuzana Čaputová asked the government to reconsider measures for people who do not get tested, many will not get a chance.

President Zuzana Čaputová met with the representatives of the armed forces.

The big test is upon us. What are we to do?

For a foreigner living in Slovakia, there is yet another concern.

Health care professionals still lacking ahead of Saturday's testing

Government avoids mobilisation for now, PM offers an extra bonus to health care professionals who can serve the whole weekend.

Dolný Kubín

News digest: Who will take the swabs?

The government offers hundreds of euros to health care staff for testing. Curfew ends on Saturday for some. Take a look at testing sites and more.

PM Igor Matovič helped with testing in Tvrdošín.