State budget posts deficit of €185 million at end of February

Slovakia's state budget posted a deficit of €185 million at the end of February 2009, the Finance Ministry said on March 2. The budget posted a surplus of €52 million at the same time last year, the TASR newswire wrote. Budget revenues stood at €1.411 billion or 10.76 percent of the planned amount for the whole year. Expenditures reached €1.596 billion or 11.30 percent of the sum projected for the whole of 2009. In 2008, the state budget posted a full-year deficit of €704.18 million (Sk21.214 billion), or €357.4 million less than planned. State budget revenues were €11.35 billion (Sk342.003 billion), accounting for 98.3 percent of the planned total, while expenditures reached Sk12.06 billion (Sk363.217 billion), or 95.5 percent of the figure that had been projected for 2008. The budget deficit for the whole of 2009 is projected to reach €1.009 billion. TASR

Slovakia's state budget posted a deficit of €185 million at the end of February 2009, the Finance Ministry said on March 2. The budget posted a surplus of €52 million at the same time last year, the TASR newswire wrote.

Budget revenues stood at €1.411 billion or 10.76 percent of the planned amount for the whole year. Expenditures reached €1.596 billion or 11.30 percent of the sum projected for the whole of 2009.

In 2008, the state budget posted a full-year deficit of €704.18 million (Sk21.214 billion), or €357.4 million less than planned. State budget revenues were €11.35 billion (Sk342.003 billion), accounting for 98.3 percent of the planned total, while expenditures reached Sk12.06 billion (Sk363.217 billion), or 95.5 percent of the figure that had been projected for 2008. The budget deficit for the whole of 2009 is projected to reach €1.009 billion. 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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