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Budget progresses positively

Finance Minister Ivan Miklos said the 2004 state budget outlook is better than last year and better then expected. He told parliament Friday “there has been positive progress”.

According to the news agency TASR, tax and non-tax revenues were higher than the Finance Ministry expected. After balancing Sk160.19 billion in revenues with Sk197.13 billion in expenses through September 23, the deficit sits at Sk37 billion (€925 million).

The minister said that even though the financial outlook may not continue on its upward trend, he is confident that the nation’s deficit target - 3.94 percent of gross domestic product - would be met, if not surpassed.

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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