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Ministry predicts lower GDP deficit

THE GENERAL government deficit, without the influence of the second pension pillar, should be 3.34 percent of GDP at the end of this year, according to the Finance Ministry. This would be 0.06 percent below the original projection for 2005 according to the ministry, the SITA news agency wrote.

The better general government performance will result mainly from a Sk3.8 billion (€97 million) lower than projected state budget deficit.

The ministry expects a worse than planned performance of the social insurer Sociálna poisťovňa, where the shortfall should be as high as Sk7 billion (€178 million).

The tax revenues should be Sk0.8 billion (€20 million) higher than budget planned.

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