IN SHORT BUSINESS

Deficit projected to hit target

THE PUBLIC deficit should fall below the government's target of 3.9 percent of GDP by the end of the year (excluding the debt caused by the pension reform).

Finance Minister Ivan Mikloš said 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.

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.

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