Spectator on facebook

Spectator on facebook

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.

Top stories

Coalition only agrees on how to talk. But what will they talk about?

Budget talks to decide on concrete policies. Danko wants airplanes, Fico wants better pay for nights and weekends.

Danko, Fico, Bugar.

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska