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State budget reports Sk2.8 billion surplus

SLOVAKIA'S state budget reported a surplus of Sk2.8 billion (€72 million) for the first quarter of 2005, which is Sk1.625 billion (€40 million) more than at the same time in 2004, the Finance Ministry announced April 1.

Revenues decreased by Sk1.899 billion (€50 million) year-on-year to stand at Sk65.046 billion (€1.66 billion) at the end of March. This was 25.3 percent of the full-year target. Expenditure fell by Sk3.524 billion (€90 million) to Sk62.247 billion (€1.59 billion) at the end of March, the TASR news agency reported.

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

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