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
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11. Dec 2008 at 11:00