Spectator on facebook

Spectator on facebook

Finance Ministry estimates economic growth of 4.6% next year

The Finance Ministry on November 4 published a revised macro-economic prognosis for 2009, in which it lowered its original economic-growth estimate from 6.5 percent to 4.6 percent in the face of the economic crisis, the TASR newswire wrote.

The Finance Ministry on November 4 published a revised macro-economic prognosis for 2009, in which it lowered its original economic-growth estimate from 6.5 percent to 4.6 percent in the face of the economic crisis, the TASR newswire wrote.

Even though the 2009 budget that parliament took up last month is based on the original estimate, Prime Minister Robert Fico doesn't consider this to be a major problem, noting that Slovakia will still have the fastest-growing economy in the EU.

Fico told journalists at a conference called 'The Social Dimension of Europe' that the new prognosis doesn't make him nervous. He added that there were countries that faced much bigger problems at the moment, including the nationalisation of banks and massive financial injections by the state in the private sector. Slovakia, on the other hand, will lead economic growth in Europe, he said.

According to Fico, the government is committed to meeting its goals in the social sphere despite the economic slowdown. Possible cuts in budget expenditures will be directed at sectors that aren't connected to social policies and the investment environment. One of the budget goals is to lower the deficit. Fico said that the priority is to introduce savings in public finances first. Only then can increases in the deficit be considered. 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

LGBTI people in the regions: We change people’s minds

Bratislava will dress up in rainbow colours this August again, for the seventh time. This will be for the Bratislava Dúhový Pride diversity festival. But the colours of the rainbow are less bright in the regions,…

Slovakia’s LGBTI community seeks to expand their rights.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Blog: 5 things you should do on your visit to the north of Slovakia Photo

Here is a list of tips by an experienced tour guide - including things you have probably not tried before.

Bratislava growing high Photo

High-rise buildings sprouting up in Bratislava

Visualisation of the future skyline of Bratislava