Finance Minister presents budget

Finance Minister Ivan Mikloš presented Slovakia's state budget bill for 2005 in Parliament December 3, the TASR news agency wrote.

Mikloš asked MPs to approve a budget based on revenues of Sk258.6 billion (€6.46 billion) and expenditure of Sk320.1 billion (€8.01 billion). The target deficit is Sk61.5 billion (€1.54 billion).

"With the implementation of this budget, public finances will reach a level that is sustainable over the long-term. It will also prepare public finances for the elderly and enable the gradual reduction of the public finance deficit to 3 percent of GDP," Mikloš told lawmakers.

All four ruling parties (ANO, SMK, KDH and SDKÚ) have said they will support the 2005 state budget in Parliament in the days ahead.

MPs of the co-ruling liberal ANO party, will give their support on the condition that the other three coalition parties do not demand anything other than what has been agreed during coalition talks.



Compiled by Marta Ďurianová 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

Nationwide testing - an ambitious plan with an uncertain result

Antigen tests to be used work on patients with symptoms.

Police arrest top special prosecutor, suspected of helping a mafia group

Dušan Kováčik is known for not filing any criminal lawsuits.

How many people were infected in Volkswagen or U.S. Steel? Top companies mostly remain silent

Biggest employers have introduced measures, they do not want to talk about possible layoffs.

The Bratislava plant of Volkswagen maintained strict measures also in the summer.

News digest: Lockdown not out of the question, PM Matovič says

The overview of news from Wednesday, October 21, 2020.

PM Igor Matovič says lockdown is still in play.