Public finance deficit a pleasant surprise

SLOVAKIA's public finance deficit in 2004 was lower than planned for in the 2004 state budget. The deficit was 3.3 percent of the gross domestic product (GDP), rather than the planned 3.9 percent, the daily SME wrote.

According to Slovakia's Finance Minister Ivan Mikloš the difference was caused by lower than planned state budget expenditures.

ING bank analyst Ján Tóth described the budget result as a pleasant surprise.

In terms of decreasing its public finance deficit Slovakia is the most successful state of all new EU members.

The required level of 3.0 percent of GDP, which the country must meet as one of the criteria for adopting the euro, should be achieved in 2007.

Compiled by Martina Jurinová 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

Grandson turns his blue-haired grandma into an Instagram sensation

President Zuzana Čaputová is one of her nearly 13,000 followers.

Photographer Marek Pupák takes pictures of his grandmother. He also created the blue.grandma profile on Instagram, where he posts the photos of her.

Roundup: Shoe boxes turn into Christmas gift boxes to cheer up lonely older people

People can fill and hand in their own box until December 6.

The White Night Festival takes place in Bratislava during Christmas.

Some schools will open on December 7

Matovič pushed through testing at schools, government is launching a pilot project this weekend.

PM Igor Matovič (front) and Education Minister Branislav Gröhling  (back)

Freed in the Kuciak murder case, guilty of another murder

The Specialised Criminal Court sends Alena Zsuzsová to prison for ordering the murder of former Hurbanovo mayor. She appealed against the verdict, insists she is innocent.

Alena Zsuzsová is escorted to the courtroom.