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BREAKING NEWS

Cabinet approves main 2006 budget outlines

THE SLOVAK cabinet approved the main outlines of the state budget at a special session on October 6. The budget priorities for next year will be education, science, and research.

A total of Sk8 billion (€210 million) will go to science, which is more than twice the level in 2002. Direct payments to farmers in Slovakia this year will reach 54 percent of the average of the EU's established members and total Sk7.4 billion (€190 million). The cabinet earmarked Sk20 billion (€520 million) to cover the country's commitments towards foreign investors, the news wire TASR reported.

The ruling parties also agreed that from its reserve the cabinet will allocate Sk10.8 billion (€280 million) to budget priorities of which the most, Sk2.3 billion (€60 million), will go to the education sector.

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