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SDKÚ accuses government of unprecedented growth in debt

Former Finance Minister and deputy chairman of the opposition Slovak Democratic and Christian Union (SDKÚ) Ivan Mikloš gave a news conference on Thursday, September 24, accusing the government of Robert Fico of causing unprecedented growth in the country's debt, the SITA newswire wrote.

Former Finance Minister and deputy chairman of the opposition Slovak Democratic and Christian Union (SDKÚ) Ivan Mikloš gave a news conference on Thursday, September 24, accusing the government of Robert Fico of causing unprecedented growth in the country's debt, the SITA newswire wrote.

Mikloš claimed that public funds have been wasted and that despite the significant shortfall of revenues as a result of the economic crisis, the government has not adopted any measures to cut its spending. He told SITA that what he called irresponsible policies of the government have contributed to growth of Slovakia's indebtedness in 2009 by €4.647 billion.

The only reason for the growing deficit in public finances and the public debt in Slovakia is the global crisis, the TASR newswire was told by Finance Ministry spokesman Miroslav Šmál, in reaction to the criticism by the opposition SKDÚ.

Šmál said that the deficit and debt will decrease gradually and that Slovakia’s public debt is among the smallest in the EU. He also rejected SDKÚ's assertion that the government’s consolidation plan is unrealistic, adding that the plan will be approved within the state budget and adopted as legislation.

The Government must submit its 2010 budget proposal to Parliament on October 15 at the latest. Finance Minister Ján Počiatek wants to lower the estimated deficit of 6.3 percent for this year to 5.5 percent in 2010. SITA, TASR

Compiled by Zuzana Vilikovská from press reports
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