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Gašparovič signs 2009 State Budget

On December 10, President Ivan Gašparovič signed the 2009 state budget, which was approved by parliament in late November. The state-budget deficit will reach €1.01 billion (Sk30.4 billion) next year. Revenues should amount to €13.099 billion (Sk394.6 billion), while expenditures are projected to reach €14.109 billion (Sk425 billion). The budget bill went through with one major modification to the government's original draft. The deficit was increased by €123 million (Sk3.7 billion) due to a fall in expected revenues in the wake of the global financial and economic crisis. The governing coalition agreed that it would increase the deficit from the originally-projected 1.7 percent of GDP to 2.08 percent. TASR

On December 10, President Ivan Gašparovič signed the 2009 state budget, which was approved by parliament in late November. The state-budget deficit will reach €1.01 billion (Sk30.4 billion) next year. Revenues should amount to €13.099 billion (Sk394.6 billion), while expenditures are projected to reach €14.109 billion (Sk425 billion).

The budget bill went through with one major modification to the government's original draft. The deficit was increased by €123 million (Sk3.7 billion) due to a fall in expected revenues in the wake of the global financial and economic crisis. The governing coalition agreed that it would increase the deficit from the originally-projected 1.7 percent of GDP to 2.08 percent. 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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