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Budget plans for 2005 passed

THE SLOVAK cabinet approved the plan for the 2005 - 2006 state budget on May 5 with a planned 2005 deficit of 3.4 percent of GDP, not including the expenditures for the pension reform.

The plan still counts on the further distribution of Sk11 billion (€271 million) in later stages of the budget discussion.

The Finance Ministry will publish the details of the budget later, the state-run news agency TASR wrote. Originally, the ministry proposed the deficit at 3.2 percent but cabinet ministers demanded more funds for their sectors.

Some ministers are still unhappy with the passed plan. Health Minister Rudolf Zajac is demanding Sk500 million (€12.3 million) extra and Education Minister Martin Fronc wants more money as well, the Pravda daily 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.

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