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State budget deficit Sk15 bln. lower than planned

The state budget for 2007 ended with a Sk23.528-billion deficit, which is Sk14.858 billion less than expected. In year-on-year terms, the government's budgetary performance improved by over Sk8 billion. The main contributor to the improved performance was higher budget revenues, which were expected to reach Sk310.472 billion but rose to Sk322.22 billion as of December 31, 2007.

The state budget for 2007 ended with a Sk23.528-billion deficit, which is Sk14.858 billion less than expected. In year-on-year terms, the government's budgetary performance improved by over Sk8 billion. The main contributor to the improved performance was higher budget revenues, which were expected to reach Sk310.472 billion but rose to Sk322.22 billion as of December 31, 2007.

Spending was also slightly better than planned. While the state budget approved Sk348.858 billion in spending, only Sk345.748 billion was actually used. SITA

Compiled by Zuzana Vilikovská from press reports

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