Spectator on facebook

Spectator on facebook

Public finance deficit could be lower than expected

THE SLOVAK Finance Ministry assumes that the public finance deficit calculated according to ESA 95 methodology might decrease to 3.25 percent of the projected gross domestic product (GDP) in 2005 without including pension reform costs. The approved state budget for 2005 foresees a deficit of 3.4 percent of GDP.

Finance Minister Ivan Mikloš said that the mid-year results confirm strong and healthy growth of the Slovak economy. According to him, all signals point towards stable foundations for healthy, high and sustainable growth of the Slovak economy, the SITA news agency wrote.

On the basis of the mid-year macroeconomic development, the Finance Ministry expects that Slovakia will close this year with a budget deficit Sk4.2 billion lower than originally projected.

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

Top stories

LGBTI people in the regions: We change people’s minds

Bratislava will dress up in rainbow colours this August again, for the seventh time. This will be for the Bratislava Dúhový Pride diversity festival. But the colours of the rainbow are less bright in the regions,…

Slovakia’s LGBTI community seeks to expand their rights.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Blog: 5 things you should do on your visit to the north of Slovakia Photo

Here is a list of tips by an experienced tour guide - including things you have probably not tried before.

Bratislava growing high Photo

High-rise buildings sprouting up in Bratislava

Visualisation of the future skyline of Bratislava