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Public Finance deficit in 2007 was Sk40 billion, or 2.2 percent of GDP

The public-finance deficit reached Sk40.023 billion (€1.319 billion) last year, representing 2.2 percent of GDP, reads Slovakia's Public Administration Final Balance Report for 2007, which was examined in Parliament on June 19.

The public-finance deficit reached Sk40.023 billion (€1.319 billion) last year, representing 2.2 percent of GDP, reads Slovakia's Public Administration Final Balance Report for 2007, which was examined in Parliament on June 19.

The report, which represents a summary of the results of the budget and public-administration management and was drawn up by the Finance Ministry, points out that Slovakia is therefore meeting the Maastricht criterion by keeping its public-administration deficit below 3 percent of GDP.

According to the Finance Ministry, the actual deficit was 0.8 percentage points or Sk12.740 billion (€420 million) below the approved one. MPs approved the final state account, according to which the state-budget deficit reached Sk23.527 billion (€775.39 million) in 2007. TASR

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

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