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Smooth approval for 2005 budget

PARLIAMENT yesterday approved the 2005 state budget with 82 of the 145 MPs present supporting the law, including 12 independents.

The planned budget income in 2005 is Sk258.56 billion (€6.55 billion), with expenditures reaching Sk320.08 billion (€8.12 billion), and a deficit of Sk61.52 billion (€1.56 billion), representing a public finance deficit of 3.8 percent of GDP, according to the Pravda daily.

The ministries of healthcare, education, labour and transportation, will receive the majority of the money – almost half the budget expenditures will go to these sectors.

Among the priorities for next year is highway construction, on which Sk17.7 billion (€450 million) will be spent. The healthcare sector will receive Sk75.7 billion (€1.92 billion) and Sk31.3 billion (€790 million) will go on social benefits.

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

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