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.

Get daily Slovak news directly to your inbox

Top stories

News digest: Who will take the swabs?

The government offers hundreds of euros to health care staff for testing. Curfew ends on Saturday for some. Take a look at testing sites and more.

PM Igor Matovič helped with testing in Tvrdošín.

People with negative tests can go to hairdresser or outdoor terraces

Those with a negative test result will have to follow rules introduced on October 15.

Companies fear drop in demand for their products and services the most

International chambers of commerce asked companies about their current situation as well as expectations.

Companies implemented anti-coronavirus measures.

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov