IN SHORT

Public deficit beats expectations

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 the steady growth of the Slovak economy. According to him, all signals point towards stable foundations for healthy, high and sustainable economic growth, 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 (€109 million) lower than originally projected.

Get daily Slovak news directly to your inbox

Top stories

Threats have worked. People queued for COVID testing before the official start

The nationwide testing in Slovakia started with four districts in the north. Here is a report from the first day in Orava.

Bardejov

Day two of pilot testing in hardest-hit regions is off to a smoother start

PM Igor Matovič and Health Minister Marek Krajčí are helping the sampling teams, too.

Trstená, the Tvrdošín district

No test, no work. Employees will have to take paid or unpaid leave

Those who will be quarantined with a positive test result will be entitled to pandemic sick leave.

Illustrative stock photo

Autumn holidays change, art schools close too

The ministry will contribute to schools to buy computers and other equipment for distance learning.

Illustrative stock photo