Deficit projected to hit target

THE PUBLIC deficit should fall below the government’s target of 3.9 percent of GDP by year’s end.

Finance Minister Ivan Miklos told a news conference November 12 that the deficit would reach Sk50.2 billion (€1.255 billion), or 3.8 percent of GDP, according to the news wire TASR.

"July's presumption that the 2004 public finances deficit would be just below the target level of 3.9 percent of GDP projected in the state budget seems to have proven right," Miklos said.

According to the Minister, the relatively high economic growth, rising wages and consumption, along with low interest rates represent good macroeconomic fundamentals for the development of public finances.

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

Top stories

Janka, a blogger, during the inauguration of the first flight to Athens with Aegean Airlines at the airport in Bratislava on September 14, 2023.

A Czech rail operator connects Prague and Ukraine, Dominika Cibulková endorses Pellegrini, and Bratislava events.


Píšem or pišám?

"Do ľava," (to the left) I yelled, "Nie, do prava" (no, to the right), I gasped. "Dolšie," I screamed. "Nie, nie, horšie..." My Slovak girlfriend collapsed in laughter. Was it something I said?


Matthew J. Reynolds
Czech biochemist Jan Konvalinka.

Jan Konvalinka was expecting a pandemic before Covid-19 came along.


SkryťClose ad