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Environment fund threatens the 2005 state budget

PARLIAMENTARY approval of the 2005 state budget is under threat, after the co-ruling Hungarian Coalition Party (SMK) sided with the opposition to push through the Environment Fund Act earlier than expected, reports SME daily.

With the launch date of the Environment Fund Act set for 2005, it will require an additional Sk1 billion (€25 million) from the 2005 budget. The Finance Ministry requested that the Environment Fund Act take effect January 1, 2006 – a one year delay.

Advisors to Finance Minister Peter Papanek said that the parliament's approval to launch the Environment Fund Act in 2005 would likely be at the expense of those ministries headed by the SMK.

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

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