Spectator on facebook

Spectator on facebook

State budget deficit for 2004 on target

THE SLOVAK government managed to stay within the targeted state budget deficit of Sk78.495 billion (€2.03 billion) in 2004, according to the TASR news agency.

Last year's deficit amounted to Sk70.28 billion (€1.8 billion) or 89.5 percent of the targeted amount, a spokesman for the Finance Ministry said January 3.

According to the spokesman, the positive result is because of restraints on spending and higher-than-projected tax revenue.

An increase of Sk9.365 billion (€240 million) over 2003's revenue brought 2004's revenue to Sk242.436 billion (€6.26 billion), reaching 104.5 percent of the target. Spending reached Sk312.716 (€8.07 billion), or 100.7 percent of projected spending.

Regarding tax versus non-tax revenue, 2004's tax revenue increased over 2003's by Sk9.331 billion (€240 million), yielding Sk209.481 billion (€5.41 billion). This amounted to 107.3 percent of the projected plan. Non-tax revenue of Sk32.955 billion (€850 million), was achieved at only 89.7 percent.

Top stories

Discussion about road project becomes emotional

Analysts want more alternatives for the road from Zvolen to Košice to be assessed

The protest at Soroška

Slovakia commemorates the 1968 invasion. Here’s what it looked like Photo

Anniversary of the Warsaw Pact troop invasion that ended the Prague Spring.

Garth: We need a deal that will benefit both

“When I talk to the Brits living in Slovakia, they are quite relaxed about things,” UK Ambassador to Slovakia Andrew Garth says about the Brexit-related concerns.

UK Ambassador to Slovakia Andrew Garth

“Natural police” to protect nature and animals

Those who commit crimes against the environment should watch out.

Illustrative stock photo