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Slovakia on track for balanced budget

SLOVAKIA could balance its budget in 2010 even without further structural reforms, said the director of the Financial Policy Institute of Finance Ministry.

Director Ludovít Ódor added that pension decreases and tax hikes caused by unfavourable demographics, such as Slovakia’s aging population, will not threaten a 2010 balanced budget, Hospodárske noviny business daily has reported.

Ódor expects that a reasonable public expenditure policy will be enough to keep Slovakia on track.

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

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