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State budget posted surplus of Sk7.88 billion in October

Slovakia's state budget posted a surplus of Sk7.88 billion (€261.6 million) to the end of October, the Finance Ministry announced on November 3.

Slovakia's state budget posted a surplus of Sk7.88 billion (€261.6 million) to the end of October, the Finance Ministry announced on November 3.

The figure is an increase on the surplus of Sk4.3 billion (€143.3 million) that was recorded to the end of September. Compared to October 2007, when the budget recorded a surplus of Sk6.88 billion (€228.64 million), the figure for the same period this year represents a year-to-year improvement of Sk994 million (€33 million). The state-budget draft for 2008 projected a deficit of Sk32 billion (€1.06 billion) for the entire year.

Revenue for the first 10 months of this year stood at Sk274.939 billion (€9.13 billion), or 78.95 percent of the planned sum for all of 2008 (Sk348.252 billion/€11.56 billion). State-budget expenditures for the same period were Sk267.057 billion (€8.86 billion), which is 70.24 percent of the projected sum for the entire year (Sk380.233 billion/€12.62 billion). TASR

Compiled by Zuzana Vilikovská from press reports
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